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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  ICG Enterprise Trust PLC    ICGT   GB0003292009

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ICG Trust : Transaction in Own Shares

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07/31/2017 | 06:01pm CET

ICG ENTERPRISE TRUST PLC

TRANSACTION IN OWN SHARES

31 July 2017

ICG Enterprise Trust plc ('the Company') announces that on 28 July 2017 it bought back 50,000 of its own shares, to be held in treasury, at an average price of 742.0p. The highest and lowest price paid was 742.0p. Further details are set out below:

Number of shares held in treasury following this purchase: 3,358,508
Total shares in issue excluding treasury shares following this purchase: 69,554,492

For further information, please contact Nikki Edgar on 0203 201 7700.

Notes

The Company has bought back these shares under the authority granted by shareholders at its Annual General Meeting in June 2017, which permits the Company to repurchase a maximum of 14.99% of its ordinary shares. The actual number of shares repurchased by the Company will depend on market conditions. This authority lasts until the next shareholder authority granted (expected to be at the Annual General Meeting in 2018), or until expressly revoked by shareholders.

No maximum consideration payable has been determined by the Company, but the Company is unable to pay a price for any shares pursuant to the buyback which would equate to a premium to the net asset value. It is the Company's current intention to hold any shares bought back in treasury.

The Company has instructed Numis Securities Limited as its broker in respect of its buyback transactions. This arrangement is in accordance with Chapter 12 of the UKLA Listing Rules and the Company's general authority to repurchase shares.


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ICG Enterprise Trust Plc via Globenewswire

ICG Enterprise Trust plc published this content on 31 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 31 July 2017 16:00:28 UTC.

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Financials ( GBP)
Sales 2017 -
EBIT 2017 111 M
Net income 2017 -
Debt 2017 -
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018
Capi. / Sales 2017 0
Capi. / Sales 2018 0
Capitalization 550 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 2
Average target price 8,35  GBP
Spread / Average Target 5,2%
Managers
NameTitle
Mark William Fane Chairman
Peter Frederick Dicks Senior Independent Non-Executive Director
Jeremy John Tigue Independent Non-Executive Director
Andrew David Pomfret Independent Non-Executive Director
Lucinda Jane Riches Independent Non-Executive Director
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