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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Witan Investment Trust Plc | LSE:WTAN | London | Ordinary Share | GB00BJTRSD38 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.50 | -0.60% | 249.00 | 249.00 | 249.50 | 250.50 | 248.50 | 249.00 | 712,486 | 16:25:42 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | 188.76M | 181.48M | 2.9265 | 0.85 | 154.41M |
From Apr 2019 to Apr 2024
TIDMWTAN
RNS Number : 8391N
Witan Investment Trust PLC
11 August 2017
Witan Investment Trust plc ("the Company")
Legal Entity Identifier: 213800XMW68XFT6D1X59
11 August 2017
Share Buyback Authority
The Company is restating on a RNS the details of its current share buyback authority.
This authority was renewed at the Company's AGM on 27 April 2017, which granted authority for the purchase of a maximum of 26,860,811 of its ordinary shares. To date, 550,841 shares have been repurchased under this authority, leaving a maximum available buyback authority of 26,309,970 shares. Such authority shall expire at the conclusion of the next annual general meeting of the Company or on 26 October 2018 (whichever is earlier).
Buybacks under the authority may be funded from the Company's own cash resources or, if appropriate, from short term borrowings. No maximum consideration payable has been determined by the Company, but repurchases will be conducted in accordance with the Listing Rules and the Company is additionally unable to pay a price for any shares pursuant to its buyback authority which would equate to a premium on the net asset value. Shares bought back are held in treasury and will be re-sold only at, or at a premium to, the prevailing net asset value per share at the time of issue
The Company has entered into an agreement with J.P. Morgan Securities plc (JPMS plc) under which it will instruct JPMS plc. JPMS plc will carry out the instructions through the acquisition of ordinary shares in the Company for subsequent repurchase by the Company. This arrangement is in accordance with Chapter 12 of the UKLA Listing Rules and the Company's general authority to repurchase shares.
-ENDS-
For further information please contact:
Andrew Bell
Chief Executive Officer
Witan Investment Trust plc
Tel: 020 7227 9770
This information is provided by RNS
The company news service from the London Stock Exchange
END
POSPBMFTMBBBBJR
(END) Dow Jones Newswires
August 11, 2017 12:30 ET (16:30 GMT)
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