Witan Investment (LSE:WTAN)
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RNS Number : 7344O
Witan Investment Trust PLC
02 June 2020
WITAN INVESTMENT TRUST PLC
2 June 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 203,575 ordinary shares of 5p each of the Company was made today at a price of 177.80 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 142,001,266 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 858,353,734 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.
For further information please contact:
Chief Executive Officer
Witan Investment Trust plc
Tel: 020 7227 9770
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(END) Dow Jones Newswires
June 02, 2020 11:58 ET (15:58 GMT)