Mid Wynd International Investment Trust Plc - General Meeting
23 Août 2023 - 9:21AM
PR Newswire (US)
THIS
ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF
ARTICLE 7 OF THE UK VERSION OF EU MARKET ABUSE REGULATION (EU) NO
596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE
EUROPEAN UNION (WITHDRAWAL) ACT 2018 AS AMENDED ("UK MAR") AND IS
BEING DISCLOSED IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER
ARTICLE 17 OF UK MAR. UPON PUBLICATION OF THIS ANNOUNCEMENT, THIS
INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
THIS ANNOUNCEMENT HAS BEEN AUTHORISED FOR RELEASE BY THE COMPANY'S
BOARD OF DIRECTORS.
23
August 2023
MID
WYND INTERNATIONAL INVESTMENT TRUST PLC
(the
"Company")
Legal
Entity Identifier: 549300D32517C2M3A561
In
furtherance of the successful operation of the Company's active
discount management policy, the Board is seeking shareholder
approval for the renewal of the Company's buy-back
authority.
The
Board's policy, within normal market conditions, is to issue and
re-purchase ordinary shares of 5
pence each in the Company ("Shares")
where necessary to maintain the share price within a band of plus
or minus 2 per cent. relative to the Company's net asset value per
Share (the "Active
Discount Management Policy"). To
avoid a situation arising whereby the Company fully utilises its
authority to buy back Shares pursuant to the Active Discount
Management Policy prior to the 2023 AGM, the Company will today be
publishing a circular (the "Circular")
to convene a general meeting (the "General
Meeting") at
which Shareholder authority will be sought to renew the Company's
authority to repurchase Shares.
Shareholders
are encouraged by the Board to vote in favour of the resolution to
be proposed at the General Meeting to facilitate the continued
smooth operation of the Active Discount Management
Policy.
The
General Meeting will be held at 10.00
a.m. on 8 September 2023 at
the offices of Dickson Minto W.S.,
16 Charlotte Square, Edinburgh EH2
4DF.
A copy of
the Circular will be submitted to the National Storage Mechanism
and will shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
The Circular and the notice of the General Meeting will also be
available on the Company's website (www.midwynd.com).
For
further information please contact:
Mid
Wynd International Investment Trust plc
|
0131 225
7300
|
Russell
Napier (Chairman)
via
the
Company Secretary
|
|
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