ICG Enterprise Trust PLC Share Buybacks (1806F)
July 26 2016 - 3:26AM
UK Regulatory
TIDMICGT
RNS Number : 1806F
ICG Enterprise Trust PLC
26 July 2016
ICG ENTERPRISE TRUST PLC
TRANSACTION IN OWN SHARES
26 July 2016
ICG Enterprise Trust plc ("the Company") announces that on 25
July 2016 it bought back 52,260 of its own shares, to be held in
treasury, at an average price of 579.91p. The highest and the
lowest price paid were 580.0p and 572.0p respectively. Further
details are set out below:
Number of shares held in treasury following this purchase:
2,039,589
Total shares in issue excluding treasury shares following this
purchase: 70,873,411
For further information, please contact Michael Pote 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 2016,
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 2017), 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 J.P. Morgan Securities plc 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 information is provided by RNS
The company news service from the London Stock Exchange
END
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