Finsbury Growth & Income Trust PLC has announced the publication of a Circular and Notice of General Meeting seeking shareholder approval to renew the company's buy-back authority. The General Meeting is scheduled for August 23, 2024, at 25 Southampton Buildings, London. The Board aims to renew the buy-back authority to support the continued operation of the company's buy-back policy, which involves repurchasing Ordinary Shares when the company's share price discount to the NAV per Share approaches 5 per cent.
Since the 2024 AGM, the company has bought back 20,633,230 Ordinary Shares for a total consideration of 175.1 million, representing 70.2 per cent of the Existing Authority. To prevent a situation where the Existing Authority is fully utilized before the next annual general meeting, the Board believes it is in the best interests of the company and its shareholders to renew the buy-back authority. The Circular and the Notice of the General Meeting will be available for inspection on the National Storage Mechanism and the company's website.
For further information, individuals can contact Frostrow Capital LLP, Company Secretary, Victoria Hale at +44 (0)20 3170 8732.