India Capital Growth issues share buyback programme of up to £5m

1p per ordinary share

India Capital Growth (ICG) fund will begin a share buyback programme, the trust said in a regulatory notice today (1 November).

It will purchase ordinary shares for 1 penny each, up to a maximum aggregate purchase price of £5m. The trust has entered into an agreement with its broker, Shore Capital Stockbrokers, setting out that the broker will make the trading decisions around the timing of the purchases, independently from and without the influence of the trust. AssetCo completes £4.1m acquisition of Ocean Dial Asset Management The programme will take place from today until 29 December 2023, unless ICG decides to terminate the scheme earlier, it said. Under the authority granted to the trust by sharehol...