Montanaro European Smaller Companies Trust Innovates Market Strategy with Transaction In Own Shares

Montanaro European Smaller Companies Trust, a noteworthy name in the financial circle, broke the news of an exquisite market strategy. The company bought back 56,930 of its own ordinary shares. These shares were procured at a price of 158.75 pence per share, a move that could potentially serve strategic market implications.

The shares purchased will be held in Treasury. This action has restructured the company’s share capital, which now comprises 172,201,239 issued ordinary shares (excluding Treasury shares), 17,226,361 ordinary shares held in Treasury, and a total of 189,427,600 issued ordinary shares (including Treasury shares).

This approach is reported in line with the Financial Conduct Authority’s (FCA) Disclosure Guidance and Transparency Rules. As per this, the market should exclude any ordinary shares synched in Treasury when concerning the company. The interest notification requirement is triggered for the figure 172,201,239.