Transaction in Own Shares

Summary by AI BETAClose X

The Mercantile Investment Trust repurchased 255,529 ordinary shares into treasury at 279.50p per share (total consideration £714,203.56), increasing treasury holdings to 332,057,524 shares and leaving 612,434,656 shares in issue less treasury; the repurchase equals approximately 0.042% of the outstanding 612,434,656 shares. The Company states it will only re-issue treasury shares at a premium to net asset value. This small buyback is unlikely to materially alter supply but signals opportunistic use of buybacks and a focus on preserving NAV per share.

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