Notice of EGM

RNS Number : 2864P

Troy Income & Growth Trust Plc

13 July 2010

 



Troy Income & Growth Trust plc

To:                   RNS

From:              Troy Income & Growth Trust plc

Date:               13 July 2010

Posting of a Circular convening an Extraordinary General Meeting

In order to facilitate the continued operation of its discount control mechanism the board of directors (the "Board") of Troy Income & Growth Trust plc (the "Company") is seeking authority to cancel the Company's share premium account, subject to the approval of the Court of Session (the "Court").

Accordingly, the Company has today issued a circular convening an extraordinary general meeting (the "EGM") to be held at 11.00 a.m. on 5 August 2010 at 10 St Colme Street, Edinburgh EH3 6AA.

At the EGM, a resolution will be put to shareholders to give the Board authority to cancel the Company's entire share premium account (subject to the confirmation of the Court) and from this cancellation create a distributable Special Capital Reserve out of which share buy-backs may be funded. This will facilitate the continuation of the Company's policy which is to ensure that the Company's shares trade at close to net asset value through a combination of share buy-backs coupled with the issue of new shares at a premium to net asset value where demand exceeds supply.

Copies of the circular have been forwarded to the FSA, and will be available for inspection at the FSA's Document Viewing Facility which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS
Tel:  [phone]

Copies of the circular will also be available on the Company's web site (www.tigt.co.uk) or for collection during normal business hours on any day (Saturdays, Sundays and public holidays excepted) from the registered office of the Company at 40 Princes Street, Edinburgh, EH2 2BY.

All enquiries

Steven Cowie (Company Secretary)
Tel.: [phone]

 

END

 

 

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