ICG Repurchases Shares to Support Amundi Partnership Without Dilution

ICG plc ( (GB:ICG) ) just unveiled an announcement.

ICG plc has repurchased 311,844 ordinary shares on the London Stock Exchange between 1 and 2 April 2026 under its previously announced buyback programme. The shares, acquired through Merrill Lynch International, will be held in treasury and cancelled in tranches at least twice a year, reducing the company’s free-float over time.

The buyback is designed to support ICG’s strategic partnership with Amundi by enabling the issue of an equivalent number of non-voting shares to the asset manager on a non-dilutive basis for existing shareholders. Following these transactions, ICG has 287,543,082 ordinary shares in issue (excluding treasury), 6,830,542 ordinary shares held in treasury and 1,680,934 ordinary non-voting shares, refining its capital structure while maintaining shareholder protection.

The most recent analyst rating on (GB:ICG) stock is a Hold with a £1611.00 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 focused on providing credit, equity and capital solutions to mid-market companies. Listed on the London Stock Exchange, it operates globally across private debt, credit and related investment strategies, serving institutional investors seeking diversified, higher-yielding exposures.

Average Trading Volume: 1,410,512

Technical Sentiment Signal: Hold

Current Market Cap: £4.47B

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