Alliance Trust PLC Updates on Share Buyback Activities
Alliance Trust PLC
LEI: 213800SZZD4E2IOZ9W55
Recent Transaction Overview
Alliance Trust PLC has made a noteworthy move by acquiring 50,000 ordinary shares at a price of 1154.0p each. These shares will be held in Treasury, a strategic decision that may influence the company’s share structure and market presence.
As a result of this transaction, the total issued share capital now stands at 284,244,600 ordinary shares. Out of this number, 2,335,000 shares are currently held in Treasury. This change results in a total of 281,909,600 ordinary shares available for voting. These numbers are essential for shareholders to understand their standing in the company and how they may affect decision-making during meetings.
Understanding Treasury Shares
Holding shares in Treasury means that the company retains these shares for various possible future uses, such as employee compensation plans, enhancement of shareholder value, or offsetting dilution from issuances. For those interested in the company’s capital structure, it’s important to note that the total voting rights are now effectively reduced to 281,909,600 ordinary shares. This figure is used for compliance under the FCA's Disclosure Guidance and Transparency Rules, especially when it comes to reporting interests in the company.
Shareholders and market participants should keep this figure in mind when considering their stakes and any necessary disclosures regarding changes in interest.
Company Contact Information
If you have questions or need further information, please reach out to:
Juniper Partners Limited
Company Secretary
Telephone: 0131 378 0500
Alliance Trust PLC continues to strategically manage its share repurchase program, which can influence both the perception and performance of the stock (LSE:ATST) in the marketplace.
Frequently Asked Questions
What is the significance of purchasing shares to hold in Treasury?
Purchasing shares to hold in Treasury can enhance shareholder value and allows the company to manage its capital structure effectively.
How many total voting rights are there after this transaction?
After the transaction, the total voting rights stand at 281,909,600 ordinary shares.
Who can I contact for more information about Alliance Trust PLC?
You can reach Juniper Partners Limited, the Company Secretary, at 0131 378 0500 for more inquiries.
What is the current issued share capital of Alliance Trust PLC?
The current issued share capital comprises 284,244,600 ordinary shares.
How does the FCA's Disclosure Guidance and Transparency Rules affect shareholders?
These rules require shareholders to use the figure of 281,909,600 shares for determining changes in their interest and notifying the market accordingly.
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