ICG Enterprise Trust Transaction In Own Shares
April 21 2017 - 5:15AM
UK Regulatory
TIDMICGT
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 on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: ICG Enterprise Trust Plc via Globenewswire
http://www.icg-enterprise.co.uk/
(END) Dow Jones Newswires
April 21, 2017 05:15 ET (09:15 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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