ICG Enterprise Trust PLC GBP ( (GB:ICGT) ) just unveiled an update.
ICG Enterprise Trust PLC announced the buyback of 15,000 of its shares, to be held as treasury shares, at an average price of 1306 pence per share. This move is part of the shareholder-approved buyback program allowing the company to repurchase up to 14.99% of its ordinary shares. The buyback is intended to optimize the company’s capital structure without exceeding the net asset value, and Numis Securities Limited has been appointed to manage the transactions.
More about ICG Enterprise Trust PLC GBP
ICG Enterprise Trust PLC operates in the investment sector, focusing on private equity investments and financial services. The company primarily aims to provide shareholders with capital growth by investing in a diversified portfolio of private equity funds and direct investments, with a strong emphasis on mid-market buyouts.
YTD Price Performance: 1.58%
Average Trading Volume: 69,319
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £838.8M
See more data about ICGT stock on TipRanks’ Stock Analysis page.