Pacific Horizon Investment Trust PLC (PHI) announced on 22 October 2026 that it had purchased 22,998 of its own ordinary shares at a price of 967.42 pence per share, with the acquired shares to be held in Treasury. The transaction brings total Treasury holdings to 15,778,989 shares, reducing the company's freely tradeable share count. The disclosure is relevant to investors monitoring their notification obligations under the FCA's Disclosure Guidance and Transparency Rules, with the updated denominator figure now standing at 76,295,972 shares.

Key Points

  • Pacific Horizon Investment Trust PLC (PHI), managed by Baillie Gifford & Co Limited
  • The company repurchased 22,998 ordinary shares at 967.42p each on 22 October 2026, to be held in Treasury
  • Treasury shares now total 15,778,989; shares in issue less Treasury shares stand at 76,295,972
  • Investors should use 76,295,972 as the denominator when assessing FCA disclosure obligations

PHI Repurchases 22,998 Ordinary Shares at 967.42p on 22 October 2026

Pacific Horizon Investment Trust PLC confirmed the buyback of 22,998 ordinary shares at a price of 967.42 pence per share on 22 October 2026. The announcement, classified as an acquisition or disposal of the issuer's own shares under regulated information rules, was filed via the London Stock Exchange's RNS service. Company secretarial duties are handled by Baillie Gifford & Co Limited, the Edinburgh-based investment manager that also manages the trust's Asia-Pacific focused equity portfolio. The total cost of the repurchase was not separately disclosed as a standalone figure in the announcement.

Treasury Share Total Rises to 15,778,989 Following the Transaction

Following completion of the buyback, the number of PHI ordinary shares held in Treasury increased to 15,778,989. Shares held in Treasury carry no voting rights and do not receive dividends, meaning the transaction effectively reduces the trust's active share capital. Pacific Horizon Investment Trust, which seeks long-term capital growth through investment primarily in Asia and the Pacific Rim, has been an active user of share buybacks as a tool to manage any discount between its share price and net asset value. The announcement confirms the buyback was executed as part of the company's ongoing purchase of own securities programme.

Updated Denominator of 76,295,972 Shares Relevant for FCA Disclosure Calculations

The announcement specifies that the figure of 76,295,972 — representing shares in issue less shares held in Treasury — should be used by shareholders as the denominator when calculating whether they are required to notify the company or the FCA of a disclosable interest under the Disclosure Guidance and Transparency Rules. This updated figure is a statutory requirement following any change in Treasury share holdings and is of practical importance to institutional and significant individual shareholders who may be close to notification thresholds. Investors holding or transacting in PHI shares should review their positions against this revised figure.