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ICG Advances Amundi Partnership With Fresh Share Buybacks

Story Highlights
  • ICG repurchased 669,555 ordinary shares in April under its buyback, holding them in treasury for future cancellation.
  • The buyback supports a non-dilutive share issuance to Amundi, leaving ICG with 285.9 million voting rights outstanding.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
ICG Advances Amundi Partnership With Fresh Share Buybacks

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The latest update is out from ICG plc ( (GB:ICG) ).

ICG plc has repurchased 669,555 ordinary shares on the London Stock Exchange between 20 and 24 April 2026 under its previously announced buyback programme, executing trades through Merrill Lynch International. The shares, bought at volume-weighted average prices ranging from about 1,815p to 1,866p, will be held in treasury and later cancelled in stages.

The buyback is designed to facilitate the issue of an equivalent number of ordinary non-voting shares to Amundi in a non-dilutive manner for existing shareholders, as part of ICG’s strategic partnership with the asset manager. Following settlement of these purchases, ICG will have 294,373,624 ordinary shares in issue, of which 8,500,248 are held in treasury, alongside 3,951,459 ordinary non-voting shares, leaving a total of 285,873,376 voting rights for regulatory disclosure calculations.

The most recent analyst rating on (GB:ICG) stock is a Buy with a £2290.00 price target. To see the full list of analyst forecasts on ICG plc stock, see the GB:ICG Stock Forecast page.

Spark’s Take on ICG Stock

According to Spark, TipRanks’ AI Analyst, ICG is a Neutral.

The score is anchored by solid underlying financial results and a constructive earnings-call outlook, supported by an attractive P/E and dividend yield. These positives are meaningfully offset by weak technicals (price below key moving averages and strongly negative momentum) and cash flow deterioration highlighted in the financial statement analysis.

To see Spark’s full report on ICG stock, click here.

More about ICG plc

ICG plc is a London-listed investment company that operates in alternative asset management, focusing on private debt, credit and equity-like investments. The group structures capital solutions and funding for a range of corporate and institutional clients, and its shares are traded on the London Stock Exchange, with both ordinary voting and ordinary non-voting share classes in issue.

Average Trading Volume: 1,590,686

Technical Sentiment Signal: Buy

Current Market Cap: £5.13B

See more insights into ICG stock on TipRanks’ Stock Analysis page.

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