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Rights and Issues Investment Trust PLC (RIII)
Rights and Issues Investment Trust plc
12 month Share Repurchase Programme in accordance with Discount Management Policy
Rights and Issues Investment Trust plc (the "Company") announces that it has renewed an agreement (the "Buy-Back Agreement") with its broker, Shore Capital ("Shore"), to repurchase ordinary shares of 25p each ("Shares") on its behalf and within certain pre-set parameters between the date of this announcement and until 31 July 2022 (the "Buy-Back Period").
The Directors of the Company confirm that they are satisfied that all inside information known to the Directors and the Company up to the date of this notice has been notified to a Regulated Information Service ("RIS"). Accordingly, the Company is not prohibited from granting the authority to Shore under the Buy-Back Agreement.
The Buy-Back Agreement provides that purchases of Shares during the Buy-Back Period shall be subject to the following overriding restrictions:
The Buy-Back Agreement also provides that the Company shall not (i) exercise any influence over how, when or whether Shore effects the purchases contemplated by the Buy-Back Agreement or (ii) alter or deviate from the Buy-Back Agreement or change the number of Shares, price or timing of the purchases. Subject to point (i) above, the Buy-Back Agreement may only be terminated by Shore.
Robert Finlay/Rose Ramsden 020 7601 6115
Maitland Administration Services Limited, Company Secretary 01245 398950
2.4. Acquisition or disposal of the issuer's own shares
EQS News ID:
End of Announcement
EQS News Service