CT Progressive Income PLC (CTUK) has announced the purchase of 175,000 of its own ordinary shares at a fixed price of 364.00 pence per share on the London Stock Exchange, with the shares to be held in treasury. The transaction, conducted through Cavendish Securities plc on 5 November 2026, was disclosed in accordance with Listing Rule 9.6.6. Following the buyback, the company's total voting rights now stand at 91,967,970 ordinary shares, a figure shareholders must use when calculating disclosure thresholds under FCA transparency rules.

Key Points

  • CT Progressive Income PLC (CTUK) is an investment trust managed by Columbia Threadneedle Investment Business Limited
  • The company purchased 175,000 ordinary shares of 25 pence each at 364.00p per share on 5 November 2026
  • Treasury shares now total 15,321,052; ordinary shares in issue (excluding treasury) stand at 91,967,970
  • Investors should monitor further buyback activity and any consequent changes to the voting rights denominator

CT Progressive Income Purchases 175,000 Shares at Uniform 364.00p via Cavendish Securities

CT Progressive Income PLC executed the share buyback entirely at a single price of 364.00 pence, meaning the lowest price paid, the highest price paid, and the weighted average price paid were all recorded as 364.00p. The transaction was carried out on the London Stock Exchange through Cavendish Securities plc and the acquired shares will be held in treasury rather than cancelled. The company operates as a UK-listed investment trust, with Columbia Threadneedle Investment Business Limited acting as company secretary, and the announcement was made in compliance with Listing Rule 9.6.6 governing disclosure of own-share transactions.

Treasury Holdings Rise to 15,321,052 Shares Following 5 November 2026 Transaction

As a result of this purchase, CT Progressive Income PLC now holds 15,321,052 ordinary shares of 25 pence each in treasury. The number of ordinary shares in issue, excluding those held in treasury, now stands at 91,967,970. Treasury shares carry no voting rights and are therefore excluded from the company's total voting rights figure. The movement in treasury holdings reflects an ongoing capital management strategy typical of investment trusts seeking to manage discount to net asset value, though the company did not disclose the specific rationale for this particular transaction in the announcement.

Voting Rights Denominator Revised to 91,967,970 for FCA Disclosure Calculations

The announcement formally updates the total number of voting rights in CT Progressive Income PLC to 91,967,970 following the completion of the buyback. Under the FCA's Disclosure Guidance and Transparency Rules, shareholders are required to use this revised denominator when determining whether their interests in the company trigger a notification obligation. The company's LEI is recorded as 21380052ETTRKV2A6Y19. Enquiries regarding the transaction may be directed to Scott McEllen on behalf of Columbia Threadneedle Investment Business Limited at the telephone number provided in the announcement.