Allianz Technology Trust PLC (ATT) has announced the purchase of 750,000 ordinary shares to be held in treasury, at a price of 651.02 pence per share. The transaction reduces the trust's total voting rights and updates the denominator figure shareholders must use when assessing disclosure obligations under the FCA's Disclosure Guidance and Transparency Rules. Following the buyback, the trust's issued ordinary share capital stands at 428,756,680 shares, with 113,752,731 shares now held in treasury. Investors in the investment trust sector will note that buybacks of this scale can signal the board's view on the discount between the trust's share price and its net asset value.

Key Points

  • Allianz Technology Trust PLC (ATT) is a London-listed investment trust focused on the global technology sector
  • The trust purchased 750,000 ordinary shares at 651.02p each, to be held in treasury
  • Total voting rights now stand at 315,003,949 following the transaction
  • Investors should monitor subsequent treasury share transactions and any updates to the trust's discount management policy

Allianz Technology Trust Purchases 750,000 Shares at 651.02p Per Share

According to the announcement published on 4 November 2026, Allianz Technology Trust PLC completed a purchase of 750,000 of its own ordinary shares at a price of 651.02 pence per share. The shares are to be held in treasury and will not carry voting rights. This type of transaction is commonly used by investment trusts to manage the discount at which their shares trade relative to net asset value, though the trust did not explicitly state discount management as the purpose in this announcement. The total cost of the buyback was not disclosed in the announcement.

Treasury Holding Rises to 113.75 Million Shares After ATT Buyback

Following the transaction, Allianz Technology Trust's total ordinary shares held in treasury have reached 113,752,731, which attract no voting rights under the company's share structure. The trust's issued ordinary share capital is now recorded at 428,756,680 shares. Treasury shares are shares that have been bought back by the company and held rather than cancelled, meaning they may be reissued in future under appropriate circumstances. The scale of the treasury holding relative to total issued capital is a figure investors in closed-ended funds may wish to monitor as part of their ongoing assessment of the trust.

Total Voting Rights Updated to 315,003,949 for FCA Disclosure Calculations

The announcement confirms that the total number of voting rights in Allianz Technology Trust following the buyback is 315,003,949. The company states this figure should be used by shareholders as the denominator when calculating whether their interest in the trust triggers a notification requirement under the FCA's Disclosure Guidance and Transparency Rules. Shareholders whose holdings are close to relevant disclosure thresholds — typically set at 5% and subsequent whole percentage points — are advised to review their positions against this updated figure. Enquiries regarding the transaction can be directed to Company Secretary Kirsten Salt.