Transaction in Own Shares

RNS Number : 6686A

Witan Investment Trust PLC

30 May 2019

 

WITAN INVESTMENT TRUST PLC

30 May 2019

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 1 May 2019 to make market purchases of the Company's own shares, a market purchase of 40,000 ordinary shares of 5p each of the Company was made today at a price of 206.63 pence per share.  These shares will be held in treasury.

Following the purchase of the above shares, and the five for one share split effective on 28 May 2019, the number of ordinary shares of 5p each held by the Company in treasury is 117,100,180 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 883,254,820 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]

 

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