HICL Infrastructure Finalizes Buyback of 400,000 Shares at 134.20p Each

Execution of HICL Infrastructure’s Share Buyback Programme

HICL Infrastructure plc executed a share repurchase via Investec Bank plc, reinforcing its ongoing capital management approach. On 24 July 2026, the company purchased 400,000 ordinary shares at a uniform price of 134.20 pence each. The entire block was acquired on the London Stock Exchange (XLON venue) in a single trade completed at 16:42 GMT.

The buyback complies fully with the Market Abuse Regulation (EU No 596/2014) and all regulatory disclosure requirements. HICL intends to hold the repurchased shares as treasury shares initially, maintaining flexibility for future capital deployment. This practice aligns with standard corporate capital management, allowing the company to utilize these shares in future strategic initiatives.

Treasury Shareholding Status After July 2026 Buyback

Following the acquisition, HICL’s treasury share count rose to 169,695,988 ordinary shares. The company reports 1,861,792,073 ordinary shares outstanding excluding treasury holdings. This figure is essential for shareholders as it determines voting rights and shareholding percentages.

The treasury shares do not carry voting rights and are excluded from issued share capital calculations. For disclosure purposes under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, the denominator for calculating notifiable interests is 1,861,792,073 voting rights, excluding treasury shares. This transparency allows investors to accurately assess their shareholding thresholds and regulatory obligations.

Transaction Details and Regulatory Compliance

Investec Bank plc acted as intermediary for HICL Infrastructure plc in executing the share purchase. The transaction adheres to Article 5(1)(b) of the Market Abuse Regulation, with detailed trade information disclosed to investors and regulators. HICL’s legal entity identifier (LEI) is 213800BVXR1E5L7PEV94, and the shares involved have ISIN GB00BJLP1Y77, ensuring clear tracking and settlement.

The transaction is categorized as 2.4 under regulatory classifications for issuer’s own share acquisitions. Investec Bank plc’s intermediary code (IVESGB2L) and venue codes are provided alongside precise execution timestamps. This comprehensive reporting reflects HICL’s commitment to governance and transparency in its capital management activities, enabling market participants to verify transaction integrity.

Weighted Average Price and Trading Venue

The shares were bought at a weighted average price of 134.20 pence, with the highest and lowest prices during the transaction identical at 134.20 pence. This indicates the entire 400,000 shares were acquired at a single price point on the London Stock Exchange’s primary venue (XLON), ensuring liquidity and price transparency.

Executing on XLON aligns with best execution practices, securing competitive market pricing for this large-cap infrastructure firm. The trade’s timing at 16:42 GMT falls within standard London market hours, supporting efficient price discovery. Although the announcement does not provide comparative pricing metrics, investors can consider the buyback price relative to historical trading and net asset value.

Post-Transaction Share Capital Structure

After this buyback, HICL’s total issued ordinary shares approximate 2.03 billion, combining treasury shares (169,695,988) and shares in issue (1,861,792,073). Differentiating between issued shares and treasury holdings is crucial for understanding voting rights and market capitalization. Only shares in issue carry voting rights and factor into earnings per share calculations.

The treasury reserve offers strategic flexibility for future capital actions such as cancellation, employee share schemes, acquisitions, or refinancing without needing further shareholder approval. This adaptability is vital for infrastructure companies managing dynamic market conditions and strategic growth opportunities.

Regulatory Framework and Disclosure Requirements

HICL’s announcement underscores compliance with FCA Disclosure Guidance and Transparency Rules, setting 1,861,792,073 as the denominator for calculating notifiable interest thresholds. This regulatory framework ensures market integrity by mandating transparent disclosure of significant shareholding changes. Shareholders crossing certain thresholds must notify both HICL and the FCA.

Detailed transaction disclosures comply with Article 5(1)(b) of Regulation (EU) No 596/2014, demonstrating adherence to market abuse regulations despite the UK’s EU departure. These standards reflect best governance practices, providing the market with accurate information on share ownership, liquidity, and capital structure.

Overview of HICL Infrastructure’s Business and Market Position

HICL Infrastructure plc is an investment company focused on infrastructure assets, managing a diversified portfolio that offers equity investors exposure to essential infrastructure sectors across its operating regions. Listed on the London Stock Exchange with significant market capitalization, HICL actively manages its capital structure to enhance shareholder returns while preserving financial flexibility for strategic investments.

The share buyback programme is a component of HICL’s capital management strategy, using balance sheet resources to return value to shareholders. Infrastructure investment firms often use share repurchases to improve returns per share when shares trade attractively relative to net asset value. The ongoing execution of buybacks, as evidenced by this transaction, signals confidence in HICL’s strategic positioning and long-term portfolio prospects.

Capital Allocation Strategy and Shareholder Impact

The repurchase of 400,000 shares at 134.20 pence reflects a deliberate capital allocation decision by HICL’s board and management. The company plans to hold these shares as treasury stock rather than cancel them, preserving flexibility for future use. This contrasts with permanent cancellation and allows potential deployment in employee share plans, acquisitions, or adapting to market conditions.

Shareholders should monitor HICL’s capital allocation activities and evaluate how buyback programmes fit with dividend policies, investment strategies, and balance sheet objectives. The repurchase price offers a benchmark for assessing capital efficiency. Although net asset value per share or comparative pricing data are not provided, investors can incorporate this transaction price into their broader analysis of HICL’s strategic and financial outlook.

Investor Relations and Contact Information

HICL Infrastructure provides multiple contact points for investor inquiries regarding this transaction and company matters. InfraRed Capital Partners Limited, the company administrator, can be contacted at +44 (0) 20 7484 1800 or [email protected]. Key contacts include Edward Hunt, Mark Tiner, and Mohammed Zaheer. Brunswick supports investor relations and communications at +44 (0) 20 7404 5959, with David Litterick as a primary contact.

This multi-tiered communication framework highlights HICL’s dedication to transparent shareholder engagement. Investors seeking clarification on the buyback, capital strategy, or portfolio updates can access these channels. Additionally, intermediaries such as Investec Bank plc and RBC Capital Markets are disclosed, providing transparency on transaction execution and advisory support.