NVIDIA launches Jetson Thor robotics computers for physical AI systems
LONDON - The Global Smaller Companies Trust PLC announced Friday it has restated details of its current share buyback authority following approval at its Annual General Meeting held the same day.
The company received authorization to repurchase up to 66,019,501 of its ordinary shares, according to a press release statement. This authority will remain in effect until the conclusion of the next annual general meeting or November 15, 2026, whichever comes first.
Any share repurchases may be funded through the company’s cash resources or short-term borrowings if appropriate. Shares bought back will either be held in treasury or canceled.
The maximum price payable per share, excluding expenses, must not exceed the higher of 105% of the average middle market quotations for an ordinary share over the five preceding business days, or the amount equal to the higher of the last independent trade price and the highest current independent bid on the London Stock Exchange at the time of purchase.
Stifel Nicolaus Europe Limited has been instructed to act as the company’s broker for buyback transactions, which will be conducted in accordance with the company’s discount control policy and Chapter 9 of the UK Listing Rules.
The Global Smaller Companies Trust trades on the London Stock Exchange under the LEI code 2138008RRULYQP8VP386. Columbia Threadneedle Investment Business Limited serves as the company secretary.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.