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ICG Enterprise Trust PLC GBP ( (GB:ICGT) ) has provided an announcement.
ICG Enterprise Trust plc has repurchased 35,000 of its own shares in two market transactions on 27 February 2026, paying average prices of 1,486 pence and 1,462 pence per share, with the shares to be held in treasury. Following these purchases, the company holds 1,987,106 shares in treasury and has 61,567,086 shares in issue excluding treasury, as it continues to use its shareholder-approved buyback authority, which is constrained to prices at or below net asset value and is executed via broker Deutsche Numis in line with UK listing rules.
The buyback forms part of an ongoing capital management strategy under the authority granted at the June 2025 AGM, which allows repurchases of up to 14.99% of its ordinary shares until renewed or revoked. By buying back shares at a discount to net asset value and holding them in treasury rather than cancelling them, the trust seeks to enhance net asset value per share and provide liquidity support in the market, with the scale of future repurchases contingent on prevailing market conditions and shareholder approvals.
The most recent analyst rating on (GB:ICGT) stock is a Buy with a £1678.00 price target. To see the full list of analyst forecasts on ICG Enterprise Trust PLC GBP stock, see the GB:ICGT Stock Forecast page.
Spark’s Take on GB:ICGT Stock
According to Spark, TipRanks’ AI Analyst, GB:ICGT is a Neutral.
The score is driven mainly by solid financial flexibility (low leverage) but tempered by materially inconsistent cash generation, including negative operating/free cash flow in 2025. Technical indicators point to weak near-term momentum, while valuation looks reasonable and corporate actions (buybacks below NAV plus liquidity-boosting realisations) provide additional support.
To see Spark’s full report on GB:ICGT stock, click here.
More about ICG Enterprise Trust PLC GBP
ICG Enterprise Trust plc is a UK-listed investment company focused on private equity, providing shareholders with access to a diversified portfolio of private equity investments. It operates as a closed-ended investment trust, targeting long-term capital growth through exposure to buyouts and other private equity opportunities in developed markets.
Average Trading Volume: 78,009
Technical Sentiment Signal: Buy
Current Market Cap: £900.6M
Find detailed analytics on ICGT stock on TipRanks’ Stock Analysis page.