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ICG Advances Amundi Partnership With Further Non-Dilutive Share Buybacks

Story Highlights
  • ICG repurchased 788,362 shares in March 2026 to hold in treasury and cancel, tightening its effective share count over time.
  • The buyback underpins ICG’s Amundi partnership by enabling non-dilutive issuance of non-voting shares, preserving existing holders’ equity.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
ICG Advances Amundi Partnership With Further Non-Dilutive Share Buybacks

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

ICG plc has repurchased 788,362 ordinary shares between 16 and 20 March 2026 under its ongoing buyback programme executed through Merrill Lynch International on the London Stock Exchange. The shares, acquired at prices ranging from 1,463 pence to 1,596 pence, will be held in treasury and cancelled in tranches at least twice a year, reducing the effective share count over time.

The buyback is designed to facilitate the issuance of an equivalent number of non-voting shares to Amundi in a non-dilutive manner as part of ICG’s strategic partnership with the asset manager. Following these purchases, ICG now has 288,170,995 ordinary shares in issue excluding treasury, 6,202,629 ordinary shares held in treasury and 1,680,934 ordinary non-voting shares, underlining the company’s use of capital management to support strategic distribution alliances while protecting existing shareholders’ interests.

The most recent analyst rating on (GB:ICG) stock is a Hold with a £1551.00 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 an alternative asset manager listed on the London Stock Exchange, focusing on private debt, credit and equity-like investments for institutional clients. The group structures and manages investment strategies that provide flexible capital solutions, often in partnership with large asset managers and distribution partners across global markets.

Average Trading Volume: 1,321,933

Technical Sentiment Signal: Hold

Current Market Cap: £4.11B

For a thorough assessment of ICG stock, go to TipRanks’ Stock Analysis page.

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