CT Progressive Income PLC (CTUK), a London Stock Exchange-listed investment trust managed by Columbia Threadneedle Investment Business Limited, has announced the purchase of 100,000 of its own ordinary shares at a fixed price of 353.50p per share on 30 October 2026. The shares were acquired through Cavendish Securities plc and will be held in treasury, reducing the number of ordinary shares in public circulation. Following the transaction, the company's total voting rights stand at 92,142,970, a figure shareholders must use when assessing their disclosure obligations under FCA transparency rules.

Key Points

  • CT Progressive Income PLC (CTUK), a UK-listed investment trust administered by Columbia Threadneedle Investment Business Limited
  • The company repurchased 100,000 ordinary shares of 25 pence each at 353.50p per share on 30 October 2026
  • Following the buyback, 15,146,052 shares are held in treasury and 92,142,970 ordinary shares remain in issue excluding treasury shares
  • Investors should monitor whether further buyback tranches are announced and how the treasury share position evolves

CT Progressive Income Purchases 100,000 Ordinary Shares at 353.50p Through Cavendish Securities

CT Progressive Income PLC confirmed it purchased 100,000 ordinary shares of 25 pence each on the London Stock Exchange on 30 October 2026, with the lowest, highest, and weighted average price all recorded at 353.50p per share. The transaction was executed through Cavendish Securities plc, acting as broker, and the acquired shares will be transferred into treasury rather than cancelled. The uniform single price across the entire transaction indicates the full order was executed at one consistent level during the trading session, though the announcement does not provide further detail on timing or volumes within the day.

Treasury Share Position Rises to 15,146,052 Following the 30 October Transaction

As a result of this purchase, CT Progressive Income PLC now holds 15,146,052 ordinary shares in treasury, while the total number of ordinary shares in issue, excluding treasury shares, stands at 92,142,970. Treasury shares carry no voting rights and are effectively removed from active circulation, meaning the buyback modestly concentrates the economic interest and voting power of remaining shareholders. The company disclosed these updated figures in accordance with Listing Rule 9.6.6, reflecting its ongoing obligations as a premium-listed investment trust on the London Stock Exchange.

Voting Rights Denominator Updated to 92,142,970 for FCA Disclosure Calculations

CT Progressive Income PLC confirmed that the total number of voting rights now stands at 92,142,970 following the transaction. Under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules, shareholders are required to use this figure as the denominator when calculating whether their holding has crossed a notifiable threshold. The announcement was made in compliance with those FCA obligations and is signed on behalf of Columbia Threadneedle Investment Business Limited in its capacity as company secretary, with Scott McEllen named as the designated contact for enquiries relating to the disclosure.