ICG Enterprise Trust Transaction In Own Shares

 
TIDMICGT 
 
 
   ICG ENTERPRISE TRUST PLC 
 
   TRANSACTION IN OWN SHARES 
 
   31 December 2018 
 
   ICG Enterprise Trust plc ("the Company") announces that on 28 December 
2018 it bought back 15,000 of its own shares, to be held in treasury, at 
an average price of 812.0p. The highest and lowest price paid was 
812.0p. Further details are set out below: 
 
   Number of shares held in treasury following this purchase: 3,735,945 
 
   Total shares in issue excluding treasury shares following this purchase: 
69,177,055 
 
   For further information, please contact Ian Stanlake 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 2018, 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 2019), 
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. 
 
 
 
 

(END) Dow Jones Newswires

December 31, 2018 04:55 ET (09:55 GMT)

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