HICL Infrastructure PLC (HICL) has announced the purchase of 350,000 of its own ordinary shares on 6 November 2026, executed through Investec Bank plc at a weighted average price of 135.9401 pence per share. The buyback forms part of HICL's ongoing share repurchase programme, with the purchased shares to be held in treasury. Following the transaction, HICL's total treasury holding stands at 176,690,988 ordinary shares, with 1,854,797,073 shares remaining in issue and carrying voting rights.

Key Points

  • HICL Infrastructure PLC (HICL) — London-listed infrastructure investment company managed by InfraRed Capital Partners Limited
  • HICL purchased 350,000 ordinary shares on 6 November 2026 through Investec Bank plc on the London Stock Exchange (XLON)
  • Weighted average price paid was 135.9401p; highest price paid was 136.00p and lowest was 135.80p
  • Investors should watch the pace and scale of further buyback tranches as the programme continues

HICL Purchases 350,000 Shares at Weighted Average 135.94p Through Investec Bank

The entire block of 350,000 ordinary shares was acquired in a single transaction at 16:36 GMT on 6 November 2026, executed on the London Stock Exchange under venue code XLON. The weighted average price paid was 135.9401 pence per share, with the highest price paid in the session reaching 136.00 pence and the lowest 135.80 pence. The transaction was conducted by Investec Bank plc acting on HICL's behalf as part of the company's structured buyback programme, in accordance with Article 5(1)(b) of the Market Abuse Regulation.

Treasury Share Position Rises to 176.7 Million Following 6 November Transaction

Following the purchase, HICL now holds 176,690,988 ordinary shares in treasury. The company has stated it initially intends to retain the acquired shares as treasury shares rather than cancel them immediately. Each ordinary share carries a nominal value of 0.01 pence. The total number of ordinary shares in issue, excluding treasury shares, stands at 1,854,797,073. This figure also represents the total number of voting rights attributable to shareholders and serves as the relevant denominator for FCA Disclosure Guidance and Transparency Rules notifications.

InfraRed Capital Partners Manages HICL's Infrastructure Portfolio Across Core Markets

HICL Infrastructure PLC is a closed-ended investment company focused on infrastructure assets, managed by InfraRed Capital Partners Limited. The company invests primarily in infrastructure projects with long-term, predictable cash flows, including public-private partnership assets and other core infrastructure holdings. InfraRed Capital Partners can be contacted directly for enquiries, alongside communications advisers Brunswick Group. The company's shares are listed on the London Stock Exchange and are identified by ISIN GB00BJLP1Y77 and LEI 213800BVXR1E5L7PEV94, with Aztec Financial Services (UK) Limited serving as administrator.

Buyback Denominator Update Relevant to Shareholders Calculating Disclosure Thresholds

The updated total of 1,854,797,073 voting rights, confirmed in this announcement, is a figure shareholders must use when calculating whether their interests trigger disclosure obligations under FCA transparency rules. As HICL continues its buyback programme, this denominator will change with each tranche purchased, potentially affecting notification thresholds for significant shareholders. Investors monitoring the programme should note that the pace of buybacks and any change to treasury share policy could influence the company's capital structure over time.