We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 | |
---|---|---|---|---|---|---|---|---|---|---|
3.00 | 1.20% | 252.00 | 251.50 | 252.00 | 252.00 | 249.00 | 249.00 | 677,781 | 16:35:14 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trust,ex Ed,religious,charty | 188.76M | 181.48M | 2.9265 | 0.86 | 155.96M |
TIDMWTAN
RNS Number : 5196U
Witan Investment Trust PLC
13 July 2018
Witan Investment Trust plc ("the Company")
13 July 2018
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 2 May 2018, which granted authority for the purchase of a maximum of 26,717,240 of its ordinary shares. To date, no shares have been repurchased under this authority, leaving a maximum available buyback authority of 26,717,240 shares. Such authority shall expire at the conclusion of the next annual general meeting of the Company or on 1 November 2019 (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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
STRRTMPTMBMBBPP
(END) Dow Jones Newswires
July 13, 2018 02:00 ET (06:00 GMT)
1 Year Witan Investment Chart |
1 Month Witan Investment Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions