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ICG Enterprise Trust Repurchases 15,000 Shares Under Buyback Program

NeutralLow impact
ICGTGBX 1,398.00 0.87%

ICG Enterprise Trust plc (LSE:ICGT) repurchased 15,000 of its ordinary shares on October 13, 2026. The investment trust paid an average price of 1,380 pence per share as part of its ongoing long-term share buyback programme. The repurchased shares will be held in treasury.

The buyback reduces the overall number of freely circulating shares in the market. Under the conditions of the programme, share purchases cannot be made at a price above the trust's net asset value per share. By acquiring stock at a discount, the trust aims to support per-share asset values and manage the market discount on its stock.

The company retains authority to buy back up to 14.99% of its total share capital under the current mandate. Investors will watch future repurchase pace and updates on cumulative asset impact to assess ongoing support for the share price. Following the transaction, the stock traded at 1,398 pence, up 0.87% on the day.

Key points

  • ICG Enterprise Trust plc repurchased 15,000 ordinary shares on October 13, 2026.
  • Shares were acquired at an average price of 1,380p under an ongoing buyback program.
  • All repurchased shares will be held in treasury rather than cancelled.
  • Transactions under the program cannot be executed above net asset value per share.
  • The trust maintains board authorization to repurchase up to 14.99% of its share capital.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

How many shares did ICG Enterprise Trust buy back?

ICG Enterprise Trust plc repurchased 15,000 shares on October 13, 2026, as part of its long-term share buyback scheme.

At what price did ICG Enterprise Trust repurchase its shares?

The shares were repurchased at an average price of 1,380 pence per share, and the acquired stock will be held in treasury.

Can ICG Enterprise Trust buy back shares above net asset value?

No, repurchases under the trust's ongoing program are strictly constrained and cannot be made at a price higher than net asset value.