Lowland Investment Company and The Bankers Investment Trust Make Big Moves, Buying Back Thousands of Their Own Shares

In a confident display of strategic investment move, Lowland Investment Co PLC executed a market purchase, snapping up 222,038 of its own ordinary shares at a price of 120.5246p per share. The company was leveraging the authority granted at its Annual General Meeting held in late January, which allowed market purchases of up to a colossal 14.99% of the company’s existing shares. Post-purchase, the new stash of shares will be placed in the treasury.

Following this impressive purchase, the investment company will continue to be the proud holder of 270,185,650 ordinary shares of 2.5p each. Of these, a substantial 10.93% are already held in treasury, having no voting rights attached. This effectively reduces the total number of voting rights in the company, a factor shareholders must consider in keeping with the provisions of DTR 5.

The effectual voting rights in The Bankers Investment Trust will as well be adjusted due to this purchase, symbolising a power shift that’s worthy to note for all members and shareholders.