Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities.
Market for Ordinary Shares
The principal trading markets for the Company’s ordinary shares are the Global Select Market of The Nasdaq Stock Market LLC and the Equity Shares (Transition) category of the London Stock Exchange. The Company’s ordinary shares trade under the symbol “INDV” on both exchanges. Effective June 27, 2024, we have designated Nasdaq as our primary exchange.
Holders
Based upon information supplied from our transfer agent, there were approximately 1,027 shareholders of record of our Ordinary Shares as of January 31, 2025.
Dividends
We have not paid any dividends during the past three fiscal years and do not anticipate declaring or paying any cash dividends on our ordinary shares in the foreseeable future. Under English law, any payment o f dividends would be subject to relevant legislation and our articles of association, which provide that payment of dividends be approved by our board of directors and, in some cases, our shareholders, and may only be paid from our distributable earnings available for the purpose, determined on an unconsolidated basis.
Recent Sales of Unregistered Securities
None.
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Purchases of Equity Securities by the Issuer and Affiliated Purchases
Period Total Number of shares purchased
Average price paid per share (2)
Total number of shares purchased as part of publicly announced plans or programs
Maximum number of shares that may yet be purchased under the plans or programs
Oct. 1 to Oct. 31 (1)
2,356,185 $8.89 2,356,185 7,417,125
Nov. 1 to Nov. 30 (1)
1,486,660 $10.18 1,486,660 5,930,465
Dec. 1 to Dec. 31 (1)
828,753 $11.53 828,753 5,101,712
(1) Pursuant to that fourth share repurchase program announced July 25, 2024, for an aggregate purchase price up to no more than $100 million or 13,649,017 of ordinary shares, which program concluded on January 31 , 2025.
(2) The average price paid per share on the London Stock Exchange was translated to U.S. dollars using the average exchange rate for the noted periods as follows: Jan. 1 to Jan. 31 (GB£1:U.S.$1.2699), Feb. 1 to Feb. 28 (GB£1:U.S.$1.2633), Mar. 1 to March 31 (GB£1:U.S.$1.2716), April 1 to April 30 (GB£1:U.S.$1.2529), May 1 to May 31 (GB£1:U.S.$1.2623), June 1 to June 30 (GB£1:U.S.$1.2724), July 1 to July 31 (GB£1:U.S.$1.2847), Aug. 1 to Aug. 31 (GB£1:U.S.$1.2916), Sept. 1 to Sept. 30 (GB£1:U.S.$1.3194), Oct. 1 to Oct. 31 (GB£1:U.S.$1.3081), Nov. 1 to Nov. 30 (GB£1:U.S.$1.2770), and Dec. 1 to Dec. 31 (GB£1:U.S.$1.2646).
Item 6. [Reserved]
Not applicable.
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.