Manchester & London Investment Trust Buys Back a Swath of Its Own Shares, Boosting Treasury Holdings

Manchester & London Investment Trust Plc, a renowned name in the finance industry, publicly stated on August 8, 2025, that it had acquired a sizable number of its own outstanding shares. This strategic move would lead to a significant boost to the trust’s treasury holdings. The company was able to procure a total of 38,828 ordinary shares of £0.25 at an average price of 920 pence per share. As per the company’s announcement, these shares are designated for the Treasury. Following this significant buyback, Manchester & London Investment Trust now has an issued ordinary share capital of 40,528,238 shares. With 2,239,971 shares sheriffed safely in the Treasury, the total number of shares readily in circulation carrying voting rights stands at 38,288,267 ordinary shares of £0.25. Each share carries a lone voting right. This figure of total voting rights can be utilized as baselines by shareholders looking to calculate their stakes or interest in the company as per FCA’s Disclosure Guidance and Transparency Rules. The confirmation of this transaction was handled by MUFG Corporate Governance Limited, acting as the authorised official of the issuer. The move of buying back shares is generally seen as a display of confidence in the company’s future prospects. With more shares in-house, each remaining issued share gains in absolute voting power, providing a degree of control and security for existing investors, thereby strengthening their confidence in the Trust.