ICG Enterprise Trust plc (ICGT) has announced the repurchase of 100,000 of its own ordinary shares on 5 November 2026, at an average price of 1,404 pence per share, as part of its ongoing opportunistic buyback programme. The purchased shares will be held as treasury shares rather than cancelled. The transaction was conducted under shareholder authority granted at the company's Annual General Meeting in June 2026, with Deutsche Numis acting as broker. Investors in the listed private equity trust will be watching for further buyback activity as market conditions evolve.

Key Points

  • ICG Enterprise Trust plc (ICGT) — a listed private equity investment trust managed by Intermediate Capital Group
  • The company bought back 100,000 shares on 5 November 2026 at an average price of 1,404 pence per share under its opportunistic buyback programme
  • Following settlement, treasury shares total 3,682,500 and shares in issue excluding treasury shares stand at 59,871,692
  • Investors should watch the pace of further buybacks as the company operates within a 14.99% repurchase ceiling approved at the June 2026 AGM

ICGT Repurchases 100,000 Shares at 1,404p on 5 November 2026

ICG Enterprise Trust confirmed it repurchased 100,000 ordinary shares on 5 November 2026 at an average price of 1,404 pence per share, with the shares to be held in treasury. Following settlement of the transaction, the total number of shares held as treasury shares rises to 3,682,500, while the total shares in issue excluding treasury shares stands at 59,871,692. The buyback was executed through Deutsche Numis, formerly Numis Securities Limited, acting as the company's appointed broker for buyback transactions in accordance with the UK Listing Authority Listing Rules.

AGM-Granted Authority Caps Repurchases at 14.99% of Ordinary Share Capital

The authority underpinning this transaction was granted by shareholders at the company's Annual General Meeting in June 2026. That authority permits ICG Enterprise Trust to repurchase a maximum of 14.99% of its ordinary shares. The announcement states the authority remains in force until the next shareholder approval, expected at the 2027 Annual General Meeting, or until expressly revoked. Importantly, the company is restricted from paying a price that would equate to a premium to net asset value for any shares purchased under this programme, a standard constraint for investment trusts conducting buybacks.

Treasury Share Strategy and No Maximum Consideration Disclosed

The company has stated its current intention to retain all repurchased shares as treasury shares rather than cancelling them, preserving the option to reissue them in future. No maximum aggregate consideration for the overall buyback programme has been determined, the announcement states. The actual volume of shares repurchased under the programme will depend on prevailing market conditions, meaning the pace of activity could vary significantly. The company did not disclose the total capital deployed under the programme to date beyond the details of this individual transaction.