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LONDON - The Henderson Smaller Companies Investment Trust plc announced Tuesday that shareholders approved a special resolution authorizing the company to repurchase its own shares.
At a General Meeting held on July 1, investors voted to permit market purchases of the company’s ordinary shares up to a maximum of 14.99% of the issued ordinary share capital, excluding Treasury shares. This authorization allows for the repurchase of up to 10,102,879 ordinary shares.
The resolution passed with 99.34% approval, receiving 24,679,704 votes in favor and 415,344 votes against. The total votes cast represented 37.11% of the company’s issued capital.
Under the terms of the authorization, the maximum price for share repurchases (exclusive of expenses) must not exceed the higher of 105% of the average middle market quotations for the five business days preceding the purchase date, or the highest independent bid on the London Stock Exchange (LON:LSEG).
The buyback authority will remain in effect until the conclusion of the company’s annual general meeting, which is expected to be held in October 2025.
As of June 30, 2025, Henderson Smaller Companies had 74,385,131 ordinary shares in issue, with 6,987,667 held in Treasury. Each ordinary share carries one vote.
The information in this article is based on a company press release statement.
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