Publication of Circular and General Meeting
09/07/2024 07:00
Mid Wynd International Investment Trust plc ('the Company')
Legal Entity Identifier: 549300D32517C2M3A561
Date: 9 July 2024
Publication of Circular and General Meeting
In order to support the continued successful operation of the Company's active
discount management policy, the Board is seeking shareholder approval to renew
the Company's buyback authority.
The Board's policy, within normal market conditions, is to issue and
re-purchase ordinary shares of 5 pence each in the Company (`Shares') where
necessary to maintain the share price within a band of plus or minus 2 per
cent. relative to the Company's net asset value per share (the `Active
Discount Management Policy'). Since the 2023 AGM, the Company has repurchased
6,619,960 Shares into Treasury (representing approximately 78.51 per cent. of
the authority granted at the 2023 AGM). The Company's remaining authority will
permit the repurchase of up to a further 3.65 per cent. of the Company's
issued share capital (excluding Shares held in Treasury). To avoid a situation
arising whereby the Company fully utilises its buyback authority prior to the
2024 AGM, the Company will today be publishing a circular (the `Circular') to
convene a general meeting (the `General Meeting) at which authority will be
sought to renew the Company's buyback authority.
Shareholders are encouraged by the Board to vote in favour of the resolution
to be proposed at the General Meeting to facilitate the continued smooth
operation of the Active Discount Management Policy.
The General Meeting will be held at 9.30 a.m. on 29 July 2024 at the offices
of Juniper Partners Limited, 28 Walker Street, Edinburgh EH3 7HR.
A copy of the Circular will be submitted to the National Storage Mechanism and
will shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism. The Circular and the
notice of the General Meeting will also be available on the Company's website
at midwynd.com (https://midwynd.com/).
For further information, please contact:
Juniper Partners Limited
Company Secretary
Email: cosec@junipartners.com
Enquiries: 0131 378 0500
Copyright (c) 2024 PR Newswire Association,LLC. All Rights Reserved