Dunedin Income Growth Inv Tst PLC Share Buy-Back Authority (0663O)
August 15 2017 - 8:31AM
UK Regulatory
TIDMDIG
RNS Number : 0663O
Dunedin Income Growth Inv Tst PLC
15 August 2017
Dunedin Income Growth Investment Trust PLC
Legal Entity Identifier (LEI): 549300PPXLZPR5JTL763
Share Buy-Back Authority
Dunedin Income Growth Investment Trust PLC (the "Company") has
appointed J.P. Morgan Securities plc to act as its broker in
respect of its buy-back transactions. In accordance with the terms
of this engagement the Company is restating on an RNS the details
of its current share buy-back authority.
At the annual general meeting held on 23 May 2017 the Company
was granted authority to repurchase up to 22,501,989 of its
ordinary shares. As at 15 August 2017 the Company's had repurchased
7,634 ordinary shares pursuant to this authority. Unless expressly
revoked by shareholders, such authority shall expire at the
conclusion of the next annual general of the Company or on 31 July
2018 (whichever is earlier).
The Board expects to renew this authority annually and it is
expected that similar announcements will be made at the time of
each renewal.
The buyback may be funded from the Company's own cash resources
or, if appropriate, from short term borrowings. The maximum price
payable per share (exclusive of expenses) must not exceed the
higher of: (i) 105% of the closing price for the five business days
preceding the date of purchase; and (ii) the higher of the last
independent bid and the highest current independent bid on the
London Stock Exchange. Shares repurchased will either be held in
treasury or cancelled.
This arrangement is in accordance with Chapter 12 of the UKLA
Listing Rules and the Company's general authority to repurchase
shares.
Enquiries:
Aberdeen Asset Management PLC
Secretary
Tel. 0131 528 4000
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCOKPDBNBKDCFD
(END) Dow Jones Newswires
August 15, 2017 09:31 ET (13:31 GMT)
Dunedin Income Growth In... (LSE:DIG)
Historical Stock Chart
From Apr 2024 to May 2024
Dunedin Income Growth In... (LSE:DIG)
Historical Stock Chart
From May 2023 to May 2024