Transaction in Own Shares

RNS Number : 2862O

Witan Investment Trust PLC

28 May 2020

 

WITAN INVESTMENT TRUST PLC

28 May 2020

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 29 April 2020 to make market purchases of the Company's own shares, a market purchase of 408,357 ordinary shares of 5p each of the Company was made today at a price of 177.24 pence per share.  These shares will be held in treasury.

Following the purchase of the above shares, the number of ordinary shares of 5p each held by the Company in treasury is 140,935,108 and the total number of ordinary shares of 5p each that the Company has in issue, including shares held in treasury, is 1,000,355,000.

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 859,419,892 ordinary shares of 5p each and this figure may be used by shareholders as the denominator for calculations of interests in the Company's voting rights in accordance with the FCA's Disclosure Guidance and Transparency Rules.

-ENDS-

For further information please contact:

Andrew Bell

Chief Executive Officer

Witan Investment Trust plc

Tel: [phone]

 

END

 

 

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