The latest update is out from ICG Enterprise Trust PLC GBP ( (GB:ICGT) ).
ICG Enterprise Trust PLC announced the repurchase of 98,000 of its own shares to be held as treasury shares, at an average price of 1236 pence per share. This buyback is part of the authority granted by shareholders to repurchase up to 14.99% of its ordinary shares, with the actual number dependent on market conditions. The move is in line with the company’s strategy to manage its capital structure effectively, potentially enhancing shareholder value by reducing the number of shares in circulation.
More about ICG Enterprise Trust PLC GBP
ICG Enterprise Trust PLC is a company operating in the financial sector, primarily focused on investment and asset management services. It engages in managing a diversified portfolio of private equity investments, targeting long-term capital growth and income generation for its stakeholders.
YTD Price Performance: -4.17%
Average Trading Volume: 62,157
Technical Sentiment Signal: Sell
Current Market Cap: £788.2M
See more insights into ICGT stock on TipRanks’ Stock Analysis page.