ICG Buys Back Shares to Support Amundi Partnership Without Dilution

An announcement from Intermediate Capital ( (GB:ICG) ) is now available.

ICG plc has repurchased 759,224 ordinary shares on the London Stock Exchange between 9 and 13 March 2026 under its previously announced share buyback programme, executing the trades via Merrill Lynch International. The shares will be held in treasury and subsequently cancelled in tranches at least twice a year, leaving 288,959,357 ordinary shares in issue and 5,414,267 shares held in treasury.

The buyback is designed to facilitate the issuance of an equivalent number of non-voting shares to Amundi on a non-dilutive basis for existing shareholders, as part of ICG’s strategic partnership with the French asset manager. This structure supports the expansion of the Amundi alliance while preserving ownership proportions, signalling disciplined capital management and careful alignment of interests with current investors.

The most recent analyst rating on (GB:ICG) stock is a Hold with a £1612.00 price target. To see the full list of analyst forecasts on Intermediate Capital 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 Intermediate Capital

ICG plc, also known as Intermediate Capital Group, is a London-listed alternative asset manager focused on private debt, credit, and equity-like financing solutions. The company serves institutional investors globally and is expanding its distribution reach through strategic partnerships with major asset management groups such as Amundi.

Average Trading Volume: 1,255,650

Technical Sentiment Signal: Hold

Current Market Cap: £4.34B

See more data about ICG stock on TipRanks’ Stock Analysis page.