Statement re Share Buy back Policy

RNS Number : 0746M

Value and Income Trust plc

18 January 2021

 

Value and Income Trust PLC

LEI: 213800CU1PIC7GAER820

Date: 18 January 2021

Value and Income Trust PLC (the "Company") is amending its disclosure policy to include on a regulatory information services (RIS) details of its share buyback powers.

The Company has authority to repurchase a maximum of 6,827,941 of its ordinary shares (being its outstanding shareholder authority). Such authority shall last until the conclusion of the annual general meeting of the Company to be held in 2021, or if earlier, 15 months from 3 September 2020, being the date of the Company's Annual General Meeting in 2020. The buyback may be funded from the Company's resources (including redemptions on funds the Company has invested in and debt facilities). No maximum consideration payable has been determined by the Company, but the Company is unable to pay a price for any shares pursuant to the buy-back which would equate to a premium on the net asset value.

The Company has appointed J.P. Morgan Securities plc to act as its broker in respect of the buy-back.

The buy-back will be undertaken pursuant to the Company's discount management programme.

This arrangement is in accordance with Chapter 12 of the UKLA Listing Rules and the Company's general authority to repurchase shares.

Enquiries:

Mandy Kelly

Maven Capital Partners UK LLP, Company Secretary

Tel: [phone]

 

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