Artemis UK Future Leaders Plc (AFL) has announced a market purchase of 11,390 ordinary shares at a price of 405.312 pence per share, conducted on 5 November 2026. The shares, each carrying a nominal value of 20 pence, will be held in treasury rather than cancelled. The transaction reduces the total number of shares carrying voting rights to 28,646,188, a figure that shareholders must now use as the denominator when calculating their disclosure obligations under FCA transparency rules.

Key Points

  • Artemis UK Future Leaders Plc (AFL) — a UK-listed investment trust focused on smaller and mid-sized UK companies
  • The company purchased 11,390 ordinary shares on 5 November 2026 at 405.312 pence per share, representing 0.02% of issued share capital
  • Following the transaction, total issued share capital stands at 49,826,436 shares, of which 21,180,248 are held in treasury
  • Investors should monitor further buyback activity and any changes to the voting rights denominator that may affect disclosure thresholds

Artemis UK Future Leaders Purchases 11,390 Shares at 405.312p in Market Transaction

The board of Artemis UK Future Leaders Plc confirmed in its 6 November 2026 announcement that the company completed an open-market share purchase on 5 November 2026, acquiring 11,390 ordinary shares of 20 pence each at a price of 405.312 pence per share. The purchased shares represent 0.02% of the company's current issued ordinary share capital. These shares will be held in treasury, meaning they are retained by the company rather than being cancelled outright, preserving future flexibility to reissue them if the board chooses to do so under applicable regulations.

Treasury Share Holdings Rise to 21,180,248 Following AFL's Latest Buyback

With this latest purchase added to previously held treasury stock, Artemis UK Future Leaders now holds 21,180,248 ordinary shares in treasury out of a total issued share capital of 49,826,436 ordinary shares. The scale of treasury holdings relative to total issued capital reflects an ongoing buyback programme that the company has been operating. Investment trusts such as AFL commonly use share repurchases as a tool to manage any discount between the company's share price and its net asset value, providing a mechanism that can support investor returns over time.

Voting Rights Denominator Falls to 28,646,188 for FCA Disclosure Calculations

As a direct consequence of this transaction, the total number of ordinary shares carrying voting rights now stands at 28,646,188. The announcement explicitly states that this figure should be used by shareholders as the denominator when calculating whether they are required to notify the company of an interest, or a change in interest, under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. Shareholders holding positions close to relevant notification thresholds should review whether this revised denominator affects their disclosure obligations following this update to AFL's voting share count.