Literacy Capital plc (LSE: BOOK), the London-listed closed-end investment trust focused on UK private businesses, has disclosed that Independent Director and PDMR Nick Latner purchased 5,000 ordinary shares on 3 November 2026 at a price of 296.45 pence per share, representing a total transaction value of £14,822.50. The purchase was made on the London Stock Exchange and disclosed in accordance with UK Market Abuse Regulation requirements. Following the transaction, Latner holds 5,000 ordinary shares, equating to approximately 0.01% of the company's issued share capital. Investors in the trust may note the transaction as a signal of board-level confidence in the company's investment strategy.

Key Points

  • Literacy Capital plc (LSE: BOOK) — a UK-focused closed-end private equity investment trust
  • Independent Director Nick Latner purchased 5,000 ordinary shares at 296.45p per share on 3 November 2026
  • Total transaction value: £14,822.50; post-deal holding represents approximately 0.01% of issued share capital
  • Investors may watch for further PDMR activity and forthcoming NAV updates as indicators of board sentiment

Nick Latner's Open-Market Purchase of 5,000 Literacy Capital Ordinary Shares

The company announced on 4 November 2026 that Nick Latner, serving as an Independent Director and person discharging managerial responsibilities (PDMR), completed an open-market purchase of 5,000 ordinary shares of £0.001 each on 3 November 2026. The shares were acquired at 296.45 pence each, with the aggregate transaction value totalling £14,822.50. The notification was filed as an initial disclosure under the UK version of the Market Abuse Regulation, with the transaction carried out on the London Stock Exchange. The shares carry ISIN GB00BMF1L080, and the company's LEI is 2549006P3DFN5HLFGR54.

About Literacy Capital: A UK Private Equity Trust With a Charitable Objective

Literacy Capital was co-founded by Paul Pindar and Richard Pindar in 2017 with £54 million of initial capital, before listing on the London Stock Exchange in June 2021 and gaining Investment Trust status on 1 April 2022. The trust invests for the long term in growing UK private businesses where it believes additional value can be created through active support. Distinctively, the company commits 0.5% of its annual net asset value to charities focused on improving literacy among children in the UK. The announcement states that £13.8 million has been donated or reserved for charitable donation since the trust's founding in 2017.

PDMR Dealings and UK Market Abuse Regulation Disclosure Requirements

The transaction was disclosed in compliance with the UK version of Regulation (EU) No 596/2014 — retained as part of UK law via the European Union (Withdrawal) Act 2018 — which requires persons discharging managerial responsibilities to report share dealings in a timely manner. PDMR transactions are closely watched by investors because they can reflect insiders' views on valuation and company prospects. This is recorded as an initial notification, meaning no amendment to a prior filing is involved. Following this purchase, Nick Latner's total beneficial interest stands at 5,000 ordinary shares, his entire holding in the company.