Hold the Presses is your online newsportal en brings press releases from around the world. Journalists can use it for free, although it is their responsibilty to check the news. Hold the Presses is in no way responsible for the content of the press releases, the Sender is. We hope you enjoy reading the news we bring you on this website. If a message is published that is not acceptable, we apologize. Please contact us and we will remove the message as soon as possible.

Friday, 21 April 2017

ICG Enterprise Trust Plc (UK) - Transaction in Own Shares

     

Published: 11:15 CEST 21-04-2017 /GlobeNewswire /Source: ICG Enterprise Trust Plc / : ICGT /ISIN: GB0003292009

Transaction in Own Shares

ICG ENTERPRISE TRUST PLC

TRANSACTION IN OWN SHARES

21 April 2017

 

ICG Enterprise Trust plc ("the Company") announces that on 20 April 2017 it bought back 500,000 of its own shares, to be held in treasury, at an average price of 700.0p. The highest and lowest price paid was 700.0p. Further details are set out below:

 

Number of shares held in treasury following this purchase: 3,308,508

Total shares in issue excluding treasury shares following this purchase: 69,604,492

 

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 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 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 (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: ICG Enterprise Trust Plc, Juxon House, 100 St Paul's Churchyard, London EC4M 8BU, UK
If you would like to unsubscribe and stop receiving these e-mails click here.