Smithson Investment Trust Bolsters Treasury with Purchase of Additional 194,883 Ordinary Shares
In a move showcasing financial astuteness, Smithson Investment Trust plc has announced a sturdy transaction. In an effort to continue fortifying its treasury, the company purchased a substantial 194,883 ordinary shares on 4 April 2025. Each share acquired is worth 1,351.9827 pence. This addition raises the count of ordinary shares held in the company’s treasury to an impressive 54,005,485.
Further to this, Smithson has 123,102,473 ordinary shares in circulation. The total number of ordinary shares now in issue has hence risen to a robust 177,107,958. This calculated move is reflective of the trust’s strategic planning in terms of wealth enhancement and securing capital.
This acquisition is likely to impact the trust’s standing in the market positively, signifying continued growth and financial surety in their operations. Going forward, this could represent a renewed confidence in the prospective growth of Smithson Investment Trust plc.
- •Transaction in Own Shares investegate.co.uk04-04-2025