Value and Income Trust plc Statement re Share Buy back Policy (0746M)
January 18 2021 - 11:01AM
UK Regulatory
TIDMVIN
RNS Number : 0746M
Value and Income Trust plc
18 January 2021
Value and Income Trust PLC
LEI: 213800CU1PIC7GAER820
Date: 18 January 2021
Value and Income Trust PLC (the "Company") is amending its
disclosure policy to include on a regulatory information services
(RIS) details of its share buyback powers.
The Company has authority to repurchase a maximum of 6,827,941
of its ordinary shares (being its outstanding shareholder
authority). Such authority shall last until the conclusion of the
annual general meeting of the Company to be held in 2021, or if
earlier, 15 months from 3 September 2020, being the date of the
Company's Annual General Meeting in 2020. The buyback may be funded
from the Company's resources (including redemptions on funds the
Company has invested in and debt facilities). No maximum
consideration payable has been determined by the Company, but the
Company is unable to pay a price for any shares pursuant to the
buy-back which would equate to a premium on the net asset
value.
The Company has appointed J.P. Morgan Securities plc to act as
its broker in respect of the buy-back.
The buy-back will be undertaken pursuant to the Company's
discount management programme.
This arrangement is in accordance with Chapter 12 of the UKLA
Listing Rules and the Company's general authority to repurchase
shares.
Enquiries:
Mandy Kelly
Maven Capital Partners UK LLP, Company Secretary
Tel: 0141 306 7400
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