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LONDON - Mid Wynd International Investment Trust PLC (LON:MWY) announced Monday it will convene a general meeting on August 28 to seek early renewal of its share buyback authority, according to a company press release.
The meeting, scheduled for 10:00 a.m. at Lazard (NYSE:LAZ) Asset Management’s London offices, aims to ensure the continued operation of the company’s discount control mechanism before existing authorities are potentially exhausted.
The board’s policy maintains the share price within a band of plus or minus 2 percent relative to the company’s net asset value per share through issuing and repurchasing ordinary shares under normal market conditions.
The early renewal is being sought to avoid a situation where the company fully utilizes its current buyback authority before its annual general meeting, expected in October 2025.
The board has encouraged shareholders to vote in favor of the resolution to facilitate the continued smooth operation of the discount control mechanism.
A circular containing details of the general meeting will be available on the National Storage Mechanism and the company’s website.
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