ICG Enterprise Trust Repurchases 10,000 Shares Under Ongoing Buyback Plan
ICG Enterprise Trust plc (LSE:ICGT) repurchased 10,000 of its own shares on Oct. 9, 2026, at an average price of 1,387p per share. The repurchased stock will be held in treasury, giving the company flexibility for future re-issuance or eventual cancellation.
The transaction is part of the company's long-term buyback authority, which allows repurchases of up to 14.99% of its share capital. By acquiring shares at a price below net asset value, the board aims to enhance capital efficiency and help narrow the share price discount.
Going forward, market participants will monitor whether the pace of repurchases accelerates or if the company seeks changes to its existing buyback limits.
Key points
- ICG Enterprise Trust plc repurchased 10,000 shares on Oct. 9, 2026.
- Shares were bought at an average price of 1,387p each and will be held in treasury.
- The buyback was executed under the firm's existing 14.99% repurchase authority cap.
- Repurchases below net asset value help manage the share discount and improve capital efficiency.
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How many shares did ICG Enterprise Trust buy back?
ICG Enterprise Trust plc repurchased 10,000 shares on Oct. 9, 2026, at an average price of 1,387p per share.
What will ICG Enterprise Trust do with the repurchased shares?
The company will hold the repurchased shares in treasury, allowing them to be re-issued or cancelled at a later date.
Why is ICG Enterprise Trust buying back its own shares?
The buybacks are conducted under an ongoing program capped at 14.99% to help manage the share price discount to net asset value and improve overall capital efficiency.