CT Progressive Income PLC (CTUK) has announced the purchase of 125,000 of its own ordinary shares at 351.00 pence each on the London Stock Exchange on 22 October 2026, with the shares to be held in treasury. The buyback was executed through Cavendish Securities plc and disclosed in accordance with Listing Rule 9.6.6. Following the transaction, the company's total voting rights denominator stands at 92,242,970 ordinary shares, a figure relevant to shareholders calculating their notification obligations under FCA transparency rules. Investors in the income-focused investment trust may be watching the pace and scale of ongoing buyback activity as an indicator of capital management priorities.

Key Points

  • CT Progressive Income PLC (CTUK), managed by Columbia Threadneedle Investment Business Limited
  • The company purchased 125,000 ordinary shares of 25 pence each at a single price of 351.00p, to be held in treasury
  • Following the transaction, 15,046,052 shares are held in treasury and 92,242,970 ordinary shares remain in issue excluding treasury shares
  • Investors should watch whether further buybacks are announced and how the reducing share count affects voting rights calculations

CT Progressive Income Purchases 125,000 Shares at Fixed 351.00p via Cavendish Securities

CT Progressive Income PLC confirmed on 22 October 2026 that it acquired 125,000 ordinary shares of 25 pence each through Cavendish Securities plc on the London Stock Exchange. The lowest, highest, and weighted average price paid were all recorded at 351.00p per share, indicating the entire transaction was executed at a single uniform price. The purchased shares will be held in treasury rather than cancelled. The disclosure was made in accordance with Listing Rule 9.6.6, which governs the reporting obligations of listed companies when they undertake transactions in their own securities.

Treasury Share Position Rises to 15,046,052 Following Latest CTUK Buyback

As a result of this transaction, CT Progressive Income PLC now holds 15,046,052 of its ordinary shares in treasury. The total number of ordinary shares in issue, excluding treasury shares, is 92,242,970. This figure is material for shareholders, as it represents the denominator to be used when assessing whether a notifiable interest has been reached or changed under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. Shareholders are required to use this updated figure when performing their own threshold calculations for disclosure purposes, making accurate and timely publication of such data a regulatory priority for the company.

Columbia Threadneedle Administers Buyback Programme for CT Progressive Income

The announcement was made on behalf of CT Progressive Income PLC by Columbia Threadneedle Investment Business Limited, which acts as company secretary. Enquiries were directed to Scott McEllen at the Edinburgh-based telephone number provided. Columbia Threadneedle is the investment management group responsible for administering the trust, and its role as secretary underlines the institutional governance framework within which CT Progressive Income operates. The company is structured as an investment trust listed on the London Stock Exchange, with its ordinary shares carrying a nominal value of 25 pence each.