Q1 update for the three months ended 30 April 2025

ICG Enterprise Trust plc24 June 2025Q1 update for the three months ended 30 April 2025           HighlightsNAV per Share of 2,011p; LTM NAV per Share Total Return of 6.3% (5 year annualised: 14.8%)Q1 Portfolio Return on a Local Currency Basis of 0.6%, offset by FX, resulting in Portfolio Return on a Sterling Basis of (2.4)% and NAV per Share Total Return of (2.6)%Total Proceeds of £149m, including £62m net proceeds from the sale of a portion of...

London, 24/06/2025 (informazione.news - comunicati stampa - servizi)

ICG Enterprise Trust plc

24 June 2025

Q1 update for the three months ended 30 April 2025

ENQUIRIES

Institutional investors and analysts:         Martin Li, Shareholder Relations                        +44 (0) 20 3545 1816
Nathan Brown, Deutsche Numis                        +44 (0) 20 7260 1426
David Harris, Cadarn Capital                        +44 (0) 20 7019 9042
Media:                                        Clare Glynn, Corporate Communications, ICG        +44 (0) 20 3545 1850

COMPANY TIMETABLE

A presentation for investors and analysts will be held at 10:30 BST tomorrow (Wednesday 25 June 2025). A link for the presentation can be found on the Results & Reports page of the Company website. A recording of the presentation will be made available on the Company website after the event.

ABOUT ICG ENTERPRISE TRUST

ICG Enterprise Trust is a leading listed private equity investor focused on creating long-term growth by delivering consistently strong returns through selectively investing in profitable, cash-generative private companies, primarily in Europe and the US.

We invest in companies directly as well as through funds managed by Intermediate Capital Group plc ("ICG") and other leading managers who focus on creating long-term value and building sustainable growth through active management and strategic change.

ICG Alternative Investment Limited, a regulated subsidiary of ICG, acts as the Manager of the Company.

NOTES
Included in this document are Alternative Performance Measures (“APMs”). APMs have been used if considered by the Board and the Manager to be the most relevant basis for shareholders in assessing the overall performance of the Company, and for comparing the performance of the Company to its peers and its previously reported results.

All performance figures are stated on a Total Return basis (i.e. including the effect of re-invested dividends).

DISCLAIMER
The information contained herein and on the pages that follow does not constitute an offer to sell, or the solicitation of an offer to acquire or subscribe for, any securities in any jurisdiction where such an offer or solicitation is unlawful or would impose any unfulfilled registration, qualification, publication or approval requirements on ICG Enterprise Trust PLC (the "Company") or its affiliates or agents. Equity securities in the Company have not been and will not be registered under the applicable securities laws of the United States, Australia, Canada, Japan or South Africa (each an “Excluded Jurisdiction”). The equity securities in the Company referred to herein and on the pages that follow may not be offered or sold within an Excluded Jurisdiction, or to any U.S. person ("U.S. Person") as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or to any national, resident or citizen of an Excluded Jurisdiction.

The information on the pages that follow may contain forward looking statements. Any statement other than a statement of historical fact is a forward looking statement. Actual results may differ materially from those expressed or implied by any forward looking statement. The Company does not undertake any obligation to update or revise any forward looking statements. You should not place undue reliance on any forward looking statement, which speaks only as of the date of its issuance.

MANAGER’S REVIEW

Our investment strategy

Within developed markets, we focus on investing in buyouts of profitable, cash-generative businesses that exhibit resilient growth characteristics, which we believe will generate long-term compounding returns across economic cycles.

We take an active approach to portfolio construction, with a flexible mandate that enables us to deploy capital in Primary, Direct and Secondary investments. Geographically we focus on the developed markets of North America and Europe, including the UK, which have deep and mature private equity markets supported by a robust corporate governance framework.

Investments managed by ICG accounted for 28% of the Portfolio.

Performance overview

Quoted company exposure

Realisation activity

New investment activity

Commitments

Balance sheet and liquidity

Dividend and share buyback

1.Since October 2022 (which was when the long-term share buyback programme was launched) up to and including 30 April 2025.
2. Since May 2024 (which was when the opportunistic buyback programme was launched) up to and including 30 April 2025.
3. Based on company-issued announcements / date of purchase, rather than date of settlement.
Note: aggregate consideration excludes commission, PTM and SDRT.

Activity since the period end

Notable activity between 1 May 2025 and 31 May 2025 includes Realisation Proceeds of £1.5m and Total New Investments of £10.9m.

ICG Private Equity Fund Investments Team
24 June 2025