ICG Enterprise Trust PLC Share Buybacks (3626P)
November 16 2016 - 8:42AM
UK Regulatory
TIDMICGT
RNS Number : 3626P
ICG Enterprise Trust PLC
16 November 2016
ICG ENTERPRISE TRUST PLC
TRANSACTION IN OWN SHARES
16 November 2016
ICG Enterprise Trust plc ("the Company") announces that on 15
November 2016 it bought back 20,000 of its own shares, to be held
in treasury, at an average price of 640.0p. The highest and lowest
price paid was 640.0p. Further details are set out below:
Number of shares held in treasury following this purchase:
2,163,508
Total shares in issue excluding treasury shares following this
purchase: 70,749,492
For further information, please contact Anthony McKay 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 information is provided by RNS
The company news service from the London Stock Exchange
END
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