Achilles Investment Company Limited (AIC) has announced the purchase of 250,000 of its own ordinary shares at 103.5 pence per share on 29 October 2026, executed through Singer Capital Markets. The transaction forms part of the share buyback programme the company confirmed its intention to implement on 9 September 2026. The purchased shares will be held in treasury, reducing the total number of shares carrying voting rights to 52,730,000 as at 31 October 2026. Investors tracking their disclosure obligations under FCA rules should note the updated denominator figure.

Key Points

  • Achilles Investment Company Limited (AIC)
  • The company purchased 250,000 ordinary shares of no par value at 103.5 pence per share on 29 October 2026
  • Total issued share capital stands at 54,000,000 ordinary shares, with 1,270,000 now held in treasury; voting shares total 52,730,000
  • Investors should monitor further buyback tranches under the programme announced on 9 September 2026

Achilles Investment Company Executes First Disclosed Buyback Tranche at 103.5p via Singer Capital Markets

The announcement confirms that Achilles Investment Company purchased 250,000 ordinary shares on 29 October 2026 at a price of 103.5 pence per share. The transaction was conducted through Singer Capital Markets, which also acts as the company's financial adviser. The shares carry no par value and will be held in treasury rather than cancelled, a common mechanism that allows companies to reissue them at a later date if required. The buyback follows the company's public confirmation on 9 September 2026 of its intention to implement such a programme, suggesting this transaction represents an early execution under that framework.

Treasury Share Position and Updated Voting Rights Denominator Following 31 October 2026 Record Date

Following this purchase, Achilles Investment Company's total issued share capital remains at 54,000,000 ordinary shares. With 1,270,000 shares now held in treasury, the number of shares carrying voting rights stands at 52,730,000 as at 31 October 2026. The company has highlighted this figure specifically for shareholders who need to calculate whether they are required to notify an interest, or a change in interest, under the FCA's Disclosure Guidance and Transparency Rules. Any shareholder whose holding crosses a relevant threshold relative to this denominator would be obliged to make the appropriate disclosure.

Harwood Capital Management Serves as Investment Manager as AIC Progresses Capital Management Activity

Achilles Investment Company is managed by Harwood Capital Management (Gibraltar) Limited, with Robert Naylor listed as the relevant contact. The company's chair is Charlotte Denton, and administrative functions are handled by NSM Funds Limited. Singer Capital Markets provides both corporate finance and sales coverage. The structured deployment of a share buyback programme is a capital management tool that closed-end investment companies frequently use to address discounts to net asset value, though the company did not disclose its specific rationale or target discount level in this announcement.