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Pin to quick picksWitan Regulatory News (WTAN)

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Witan is an Investment Trust

To achieve an investment total return exceeding that of the benchmark of the Company over the longer term, together with growth in the dividend ahead of inflation through active investment in global equities.

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Transaction in Own Shares - replacement

17 Feb 2017 07:00

RNS Number : 1320X
Witan Investment Trust PLC
16 February 2017
 

WITAN INVESTMENT TRUST PLC

 

Legal Entity Identifier: 213800XMW68XFT6D1X59

The following amendment has been made to the Transaction in Own Shares announcement released on 16 February 2017 at 18.17 under RNS No. 1310X.

The price at which the shares were purchased was 936.38 pence per share, not 9.3638 per share as stated in the original announcement. 

All other details remain unchanged.

The full amended text is shown below.

 

16 February 2017

 

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 28 April 2016 to make market purchases of the Company's own shares, a market purchase of 26,172 ordinary shares of 25p each of the Company was made today at a price of 936.38 pence per share. These shares will be held in treasury.

Following the purchase of the above shares, the number of ordinary shares of 25p each held by the Company in treasury is 19,902,115 and the total number of ordinary shares of 25p each that the Company has in issue, including shares held in treasury, is 200,071,000.

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 180,168,885 ordinary shares of 25p each. On a poll, ordinary shareholders have one vote for every £1 in nominal value (i.e. four ordinary shares are required for one vote). Therefore, the total number of voting rights is 45,042,221 (i.e. one vote for every four shares in issue) and this figure may be used as the denominator for calculations of interests in the Company's voting rights.

 

-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
 
 
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