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Rights and Issues Investment Trust PLC: 12 month Share Repurchase Programme to July 2022

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Rights and Issues Investment Trust PLC (RIII)
09-Aug-2021 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

Rights and Issues Investment Trust plc

LEI:       2138002AWAM93Z6BP574

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.

Enquiries:

Robert Finlay/Rose Ramsden  020 7601 6115

Shore Capital

 

Maitland Administration Services Limited, Company Secretary  01245 398950

 


ISIN:

GB0007392078

Category Code:

MSCH

TIDM:

RIII

LEI Code:

2138002AWAM93Z6BP574

OAM Categories:

2.4. Acquisition or disposal of the issuer's own shares

Sequence No.:

119406

EQS News ID:

1224654


 

End of Announcement

EQS News Service

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