Transaction in own shares | 19.09.24

ICG Enterprise Trust plc (the “Company”)

September 19, 2024

Transaction in own shares

The company announced that it had bought back 10,000 of its own shares on September 18, 2024, to be held as treasury shares, at an average price of 1,202 pence per share.

More details can be found below:

• Number of shares held as treasury shares after settlement of this purchase: 7,806,133.
• Total number of outstanding shares excluding treasury shares after settlement of this purchase: 65,106,867.

The Company has repurchased these shares under the authority granted to shareholders at the Annual General Meeting in June 2024, which allows the Company to repurchase up to 14.99% of its common shares. The actual number of shares repurchased by the Company will depend on market conditions. This authority will last until the next shareholder authority is granted (expected to be at the Annual General Meeting in 2025), or until expressly revoked by shareholders.

There is no maximum consideration set by the Company, but the Company is unable to pay a price for shares pursuant to the repurchase that would be equivalent to a premium over the net asset value. It is the Company’s current intention to hold all repurchased shares in its own custody.

The Company has instructed Numis Securities Limited (trading for these purposes as Deutsche Numis) as its broker in respect of its buyback transactions. This arrangement is in accordance with the UKLA Listing Rules and the Company’s general share buyback authority.

Questions from analysts/investors:

Chris Hunt
Shareholder Relations, ICG
+44 (0) 20 3545 2020

Andre Lewis
Company Secretary, ICG
+44 (0) 20 3545 1344

Media:

Catherine Armstrong
Corporate Communications, ICG
+44 (0) 20 3545 1850