ICG Buys Back Shares to Support Non-Dilutive Amundi Partnership

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

ICG plc has repurchased 148,018 ordinary shares on the London Stock Exchange under its recently announced share buyback programme, paying a volume-weighted average price of 1,625.39 pence per share. The shares will be held in treasury and progressively cancelled at least twice a year, with no other use before cancellation.

The buyback is designed to support ICG’s strategic partnership with Amundi by enabling the issuance of an equivalent number of non-voting shares to Amundi on a non-dilutive basis for existing shareholders. Following this latest transaction, ICG has 290,012,317 ordinary shares in issue excluding treasury and 4,361,307 ordinary shares held in treasury, underscoring its ongoing capital management and shareholder value strategy.

The most recent analyst rating on (GB:ICG) stock is a Hold with a £1797.00 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 GB:ICG Stock

According to Spark, TipRanks’ AI Analyst, GB: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 GB:ICG stock, click here.

More about Intermediate Capital

ICG plc, also known as Intermediate Capital Group, operates in the asset management and private capital investment industry, focusing on alternative credit and equity solutions for institutional investors. The company is listed on the London Stock Exchange and targets global investment opportunities through structured financing and partnership-driven capital strategies.

Average Trading Volume: 1,188,405

Technical Sentiment Signal: Hold

Current Market Cap: £4.63B

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