ICGT ICG Enterprise Trust

Hardman & Co Research on ICG Enterprise Trust plc: Unique approach to capital allocation

Hardman & Co Research
Hardman & Co Research on ICG Enterprise Trust plc: Unique approach to capital allocation

28-Jan-2025 / 11:40 GMT/BST
The issuer is solely responsible for the content of this announcement.

Hardman & Co Research on ICG Enterprise Trust plc:

Unique approach to capital allocation

 

In this note we examine how shareholders benefit from ICGT’s unique approach to capital allocation (first discussed on page 11 of our 16 May 2024 note ). We have in previous notes highlighted how ICGT’s defensive growth strategy in practice differentiates itself from peers (see Appendix 1) and the capital allocation policy is also a differentiator. ICGT’s approach rewards investors with immediate income through a progressive dividend, long-term compounding capital growth through new PE investments, ongoing NAV accretion through a long-term buyback programme and further NAV accretion with an opportunistic buyback programme when the discount is high.

 

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The issuer is solely responsible for the content of this announcement.
End of Announcement - EQS News Service

2076339  28-Jan-2025 

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28/01/2025

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Reports on ICG Enterprise Trust

 PRESS RELEASE
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Transaction in Own Shares ICG Enterprise Trust plc (the “Company”) 2 May 2025 Transaction in Own Shares The Company announces that on 1 May 2025 it bought back 15,000 of its own shares, to be held as treasury shares, at an average price of 1160 pence per share. Further details are set out below: Number of shares held as treasury shares following settlement of this purchase: 15,000.Total shares in issue excluding treasury shares following settlement of this purchase: 63,539,192. The Company has bought back these shares under the authority granted by shareholders at its Annual General M...

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Cancellation of Treasury Shares

Cancellation of Treasury Shares ICG Enterprise Trust plc (the “Company”) 1 May 2025        Cancellation of Treasury Shares The Company announces that on 30 April 2025, it cancelled 9,358,808 Ordinary shares of 10 pence each (“Ordinary Shares”) previously held in Treasury. Following the above cancellation, the Company has 63,554,192 Ordinary Shares in issue and no Ordinary Shares held in Treasury. Therefore, the total number of voting rights in the Company is 63,554,192. The above figure 63,554,192 may be used by Shareholders as the denominator for the calculations by which they will det...

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