Transaction in Own Shares

ICG ENTERPRISE TRUST PLC

TRANSACTION IN OWN SHARES

28 June 2019   

ICG Enterprise Trust plc (“the Company”) announces that on 27 June 2019 it bought back 25,000 of its own shares, to be held in treasury, at an average price of 872.0p. The highest and lowest price paid was 872.0p. Further details are set out below:

Number of shares held in treasury following this purchase: 3,785,945
Total shares in issue excluding treasury shares following this purchase: 69,127,055

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 was subsequently renewed (after the Company bought back shares) on 27 June 2019 and lasts until the next shareholder authority granted (expected to be at the Annual General Meeting in 2020), 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.