Foresight Group Holdings Limited commences an Equity Buyback Plan for 11,627,121 shares, representing 10% of its issued share capital, under the authorization approved on August 10, 2023.
December 19, 2023 at 02:00 am EST
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Foresight Group Holdings Limited (LSE:FSG) commences share repurchases on December 19, 2023, under the program mandated by shareholders in the Annual General Meeting held on August 10, 2023. As per the mandate, the company is authorized to repurchase up to 11,627,121 shares, representing 10% of its share capital. The minimum price (exclusive of expenses) to be paid for repurchase shall be nil. The maximum price (exclusive of expenses) which may be paid for a Share shall be not more than the higher of 5% above the average of the middle market quotations for a Share as derived from the Daily Official List of London Stock Exchange plc for the five business days immediately before the purchase is made and the higher of the price of the last independent trade of a Share, and the highest independent bid as derived from the London Stock Exchange Trading System at the time of the purchase for the Shares. The repurchased shares will be held as treasury shares and subsequently will be cancelled. The authorization will be valid till Next Annual General Meeting or November 9, 2024, if earlier. As of August 10, 2023, the company had 116,271,212 issued shares.
On October 27, 2023, the company announced a share repurchase program. Under the program, the company will repurchase up to £5 million worth of its shares. The repurchases under the program will be funded from existing cash resources. The program will commence today and will will continue until the earlier of the expiration of the General Authority or until the number of Ordinary Shares equal to the maximum pecuniary amount have been purchased under the Share Buyback or the process is terminated or paused.
Foresight Group Holdings Limited is an infrastructure and private equity investment manager. Its segments include Infrastructure, Private Equity and Foresight Capital Management. The Infrastructure segment manages infrastructure assets across distinct technology sub-sectors and provides a complete end-to-end solution for retail and institutional investors. The Private Equity segment operates strategies across growth private equity, venture capital and private credit, which offer a variety of fund structures to facilitate investment by both institutional and retail investors. The Foresight Capital Management segment provides investors with access to real assets and sustainable investment opportunities in listed markets. It manages over 400 infrastructure assets with a focus on solar and onshore wind assets, bioenergy, and waste, as well as renewable energy enabling projects, energy efficiency management solutions, social and core infrastructure projects and sustainable forestry assets.
Foresight Group Holdings Limited commences an Equity Buyback Plan for 11,627,121 shares, representing 10% of its issued share capital, under the authorization approved on August 10, 2023.
FORESIGHT GROUP HOLDINGS LIMITED 
