Transaction in Own Shares

RNS Number : 6931L

Witan Investment Trust PLC

04 October 2016

 

WITAN INVESTMENT TRUST PLC

4 October 2016

Market Purchase by the Company of its own Ordinary Shares

Witan Investment Trust plc hereby gives notification that, pursuant to the authority granted at the Annual General Meeting of the Company held on 28 April 2016 to make market purchases of the Company's own shares, a market purchase of 50,000 ordinary shares of 25p each of the Company was made today at a price of 855.43 pence per share.  These shares will be held in treasury.

Following the purchase of the above shares, the number of ordinary shares of 25p each held by the Company in treasury is 16,736,675 and the total number of ordinary shares of 25p each that the Company has in issue, including shares held in treasury, is 200,071,000.

In line with the Company's published policy any re-sale of treasury shares will only take place at a premium to the prevailing net asset value per share at the time of issue and therefore the shares held in treasury do not give rise to a potential dilution to net asset value per share.

The capital of the Company with full voting rights is now 183,334,325 ordinary shares of 25p each.  On a poll, ordinary shareholders have one vote for every £1 in nominal value (i.e. four ordinary shares are required for one vote).  Therefore, the total number of voting rights is 45,833,581 (i.e. one vote for every four shares in issue) and this figure may be used as the denominator for calculations of interests in the Company's voting rights.

-ENDS-

For further information please contact:

Andrew Bell

Chief Executive Officer

Witan Investment Trust plc

Tel: [phone]

 

END

 

 

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