REG - Lowland Inv. Co. - Publication of a Circular

Lowland InvestmentAnnouncement

13/08/2025 07:00

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RNS Number : 0511V  Lowland Investment Co PLC  13 August 2025

JANUS HENDERSON FUND MANAGEMENT UK LIMITED

 

LOWLAND INVESTMENT COMPANY PLC

 

LGAL ENTITY IDENTIFIER: 2138008RHG5363FEHV19

 

13 August 2025

 

 

LOWLAND INVESTMENT COMPANY PLC (the "Company")

 

Publication of a Circular

 

At the Company's Annual General Meeting held on 28 January 2025 (the "2025
AGM"), a special resolution was passed by the Company's shareholders (the
"Shareholders") granting the Directors authority to buy back a total of
38,583,065 ordinary shares of 2.5 pence each in the capital of the Company
(the "Shares") representing 14.99% of the then issued share capital (excluding
Shares held in treasury). As at 11 August 2025, the Company has bought back
37,419,766 Shares. The recent high levels of buybacks means that the Company's
existing authority to buy back Shares is likely to be exhausted in advance of
the authority being refreshed at the Company's next annual general meeting,
which is expected to be held in January 2026. The Directors are therefore
seeking approval for a renewal of this authority (the "Proposal").

 

The Directors' use of Share buybacks is limited to circumstances where Shares
are trading at a discount to their net asset value and where, in their
opinion, doing so is in the best interests of Shareholders as a whole and
would offer sufficient value to Shareholders. Any Shares bought back will be
cancelled or held in treasury. If granted, the Company may use the authority
to purchase Shares by either a single purchase or a series of purchases when
market conditions allow, with the aim of maximising the benefit to
Shareholders.

 

The Company has today published a circular (the "Circular") setting out
further details of the Proposal. The Circular also includes the notice of
meeting to convene a general meeting (the "General Meeting") at which the
appropriate Shareholder authority will be sought. The General Meeting will be
held at 2.00 p.m. on 10 September 2025 at 201 Bishopsgate, London, EC2M 3AE.
A copy of the Circular is being posted to Shareholders.

 

Terms used and not defined in this announcement shall have the meanings given
to them in the Circular.

 

A copy of the Circular has been submitted to the National Storage Mechanism
("NSM") and will shortly be available for inspection
at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .*

 

The Circular is also available on the Company's
website, www.lowlandinvestment.com (http://www.lowlandinvestment.com) .*

 

* Neither the NSM website nor the Company's website nor the content of any
website accessible from hyperlinks on those websites (or any other website) is
(or is deemed to be) incorporated into, or forms (or is deemed to form) part
of this announcement.

 

 

For further information, please contact:

 

James Henderson and Laura Foll

Fund Managers

Lowland Investment Company plc

Tel: 020 7818 4370/6364

 

Dan Howe

Head of Investment Trusts

Janus Henderson Investors

Tel: 020 7818 1818

 

Harriet Hall

PR Director, Investment Trusts

Janus Henderson Investors

Telephone: 020 7818 2919

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