City Natural Resources Growth and Income PLC (CYN) has sold 50,000 ordinary shares from treasury at a price of 354.15 pence per share, according to an announcement released on 9 November 2026. The transaction reduces the company's treasury holding and increases the total number of voting rights in issue, a development investors and existing shareholders will need to factor into their disclosure calculations. The re-issue updates the denominator figure used under the FCA's Disclosure and Transparency Rules, making it relevant to any shareholder monitoring their percentage interest in the trust.

Key Points

  • City Natural Resources Growth and Income PLC (CYN), administered by Frostrow Capital LLP and managed by Tufton Investment Management Ltd
  • 50,000 ordinary shares of 25p each sold from treasury on 9 November 2026 at 354.15 pence per share
  • Treasury holding now stands at 5,703,712 shares; total voting rights following re-issue are 40,650,738
  • Shareholders should use 40,650,738 as the denominator for FCA Disclosure and Transparency Rules notifications

CYN Sells 50,000 Shares from Treasury at 354.15p on 9 November 2026

City Natural Resources Growth and Income PLC completed the sale of 50,000 ordinary shares of 25 pence each from treasury on 9 November 2026 at a price of 354.15 pence per share. The announcement confirms that the newly issued shares rank pari passu with existing ordinary shares in the company, meaning they carry identical rights with respect to voting, dividends, and any return of capital. Treasury share sales of this nature are a common mechanism for investment trusts to manage their share capital and can provide modest liquidity in the secondary market without the need for a full prospectus-driven fundraising.

Treasury Holding and Total Shares in Issue Following the Transaction

Following completion of the sale, City Natural Resources Growth and Income PLC holds 5,703,712 ordinary shares in treasury. The total number of ordinary shares in issue, including those held in treasury, stands at 46,354,450. The total number of voting rights, which excludes treasury shares as they carry no voting entitlement, is confirmed at 40,650,738. This updated figure is material for existing and prospective shareholders who are required to track their proportionate interest in the company under applicable regulatory thresholds set by the Financial Conduct Authority.

FCA Disclosure and Transparency Rules: Updated Denominator for CYN Shareholders

The announcement explicitly states that 40,650,738 is the figure shareholders of City Natural Resources Growth and Income PLC should use as the denominator when calculating whether they are required to notify the company of their interest, or any change to their interest, under the FCA's Disclosure and Transparency Rules. Investors holding positions near or above standard notification thresholds — typically 3% and each 1% increment thereafter — may need to reassess their obligations following this change to the voting rights total. Frostrow Capital LLP acts as administrator and company secretary, while Tufton Investment Management Ltd serves as investment manager.

About City Natural Resources Growth and Income PLC and Its Management Structure

City Natural Resources Growth and Income PLC is a specialist investment trust focused on the natural resources sector, with Tufton Investment Management Ltd serving as its investment manager and Frostrow Capital LLP providing administration and company secretarial services. Cavendish Capital Markets Limited acts as corporate broker to the company, with contacts Andrew Worne and Robert Peel named in the announcement. The trust's focus on natural resources means its portfolio is exposed to sector-specific drivers including commodity price cycles, energy transition trends, and global supply dynamics, all of which can materially influence its net asset value and market rating.