RIII Rights & Issues Investment Trust Plc

Rights and Issues Investment Trust PLC (RIII) 
Rights and Issues Investment Trust PLC: Share Buyback Programme Extension 
01-Aug-2023 / 14:41 GMT/BST 
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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 the share repurchase programme announced on 9 
August 2021 and extended to 31 July 2023 has been extended for a further 12 months to 31 July 2024. finnCap has been 
authorised to repurchase ordinary shares of 25p each ("Shares") on its behalf and within certain pre-set parameters 
between 1 August 2023 and 31 July 2024 (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 this authority to finnCap under the Corporate Broking Agreement. 
Purchases of Shares during the Buy-Back Period shall be subject to the following overriding restrictions: 
 i. the maximum number of Shares acquired shall not, in aggregate, exceed the authorities granted at the 
    Company's annual general meeting in 2023 and anticipated to be sought from shareholders at the Company's annual 
    general meeting in 2024. In the event that shareholders do not authorise the Directors to purchase shares in 2024 
    the share repurchase programme shall terminate immediately; 
ii. the maximum value of Shares acquired during the Buy-Back Period shall not, in aggregate, exceed GBP1.0 
    million per calendar month (and pro rata for part months). However, to the extent that the value of Shares acquired 
    in any month (or part month) is lower than the maximum value for that month, such excess capacity shall be carried 
    forward to the following month and increase the maximum value for the following month accordingly, and so on for 
    subsequent months. For the avoidance of doubt, there shall be no limit to the number of times an excess can be 
    carried forward, or the total amount of such excess; 
iii. the maximum price paid per Share shall be no more than the highest of: (i) 105% of the average middle 
    market closing prices of the Shares for the 5 dealing days preceding the date of such purchase; (ii) the last 
    independent trade price; and (iii) the highest current independent bid for the Shares when the purchase is carried 
    out; 
iv. the price paid per Share shall not be more than 95 per cent. of finnCap's estimate of the net asset value 
    per Share of the Company at the time of each purchase; and 
 v. no purchases are to be made on any dealing day when the Company appears on the Disclosure Table published 
    by the Panel on Takeovers and Mergers. 
The Company shall not (i) exercise any influence over how, when or whether finnCap effects share repurchases or (ii) 
change the number of Shares, price or timing of the purchases. 
Enquiries: 
finnCap Limited 
William Marle / George Dollemore - Corporate Finance  +44 (0) 20 7220 0500 
Mark Whitfeld / Pauline Tribe - Sales  +44 (0) 20 7220 0500 
 
Apex Fund Administration Services (UK) Limited 
cosec@maitlandgroup.com  +44 (0) 1245 398950 
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Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
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ISIN:          GB0007392078 
Category Code: MSCM 
TIDM:          RIII 
LEI Code:      2138002AWAM93Z6BP574 
Sequence No.:  261669 
EQS News ID:   1693373 
 
End of Announcement  EQS News Service 
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(END) Dow Jones Newswires

August 01, 2023 09:41 ET (13:41 GMT)

Grafico Azioni Rights & Issues Investment (LSE:RIII)
Storico
Da Dic 2024 a Gen 2025

Grafico Azioni Rights & Issues Investment (LSE:RIII)
Storico
Da Gen 2024 a Gen 2025