Troy Income & Growth Trust Plc Possible Scheme of Reconstruction and DCM (2455S)
02 Noviembre 2023 - 10:30AM
UK Regulatory
TIDMTIGT
RNS Number : 2455S
Troy Income & Growth Trust Plc
02 November 2023
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF THAT JURISDICTION.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATON FOR THE PURPOSES OF
ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS
PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION
(WITHDRAWAL) ACT 2018, AS AMENDED. ON THE PUBLICATION OF THIS
ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE
INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
For immediate release
2 November 2023
TROY INCOME & GROWTH TRUST PLC
(the "Company")
Possible Scheme of Reconstruction and Discount Control
Mechanism
Recent buyback activity means that the Company is now very close
to (i) fully utilising its existing authority to repurchase Shares;
and (ii) depleting its distributable reserves (which are required
to effect buybacks under the discount control mechanism ("DCM")).
In addition, the Board is currently exploring possible options for
a combination with another investment trust which would be effected
by a scheme of reconstruction.
Therefore, in the light of the above matters the Company is
suspending the DCM and the buyback of its shares with effect from
close of business today.
Further details of the proposed scheme of reconstruction will be
announced by the end of November. There is no guarantee that the
terms of any scheme will be agreed or become effective. In the
event that the Board decides not to proceed with a scheme of
reconstruction, it will provide a further update on when the DCM
will recommence.
For further information, please contact:
Troy Income & Growth Trust plc
B Guerin (Chair) via Juniper Partners
Limited
Juniper Partners Limited (Company Secretary) +44 (0)131 378 0500
Notes:
Important Information
This announcement is released by the Company and the information
contained within this announcement is deemed by the Company to
constitute inside information for the purposes of Article 7 of the
UK version of the EU Market Abuse Regulation (Regulation (EU) No.
596/2014) which forms part of UK law by virtue of the European
Union (Withdrawal) Act 2018, as amended. Upon the publication of
this announcement via a Regulatory Information Service, such
information is now considered to be in the public domain.
Legal Entity Identifier (LEI): 213800HLNMQ1R6VBLU75
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END
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