ICG Executes Share Buyback to Support Amundi Partnership
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ICG plc has executed a share buyback, repurchasing 316,069 ordinary shares on the London Stock Exchange as part of its ongoing program. The shares were bought at an average price of 1,493 pence and will be held in treasury for cancellation. This buyback supports ICG's partnership with Amundi by allowing the issuance of Non-Voting Shares without diluting existing shareholders. Following the buyback, ICG has 294,373,624 ordinary shares in issue. Analysts rate ICG stock as a Hold with a price target of £1621.00, citing solid financial results but weak technicals.
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