Pacific Horizon Investment Trust PLC (PHI) has announced the purchase of 50,000 of its own ordinary shares at a price of 1,006.62p per share, as disclosed in a regulatory notice dated 29 October 2026. The shares will be held in Treasury rather than cancelled, bringing the total treasury holding to 15,828,989 shares. The transaction reduces the company's free float and updates the denominator figure used by shareholders to calculate their disclosure obligations under FCA transparency rules. Investors in this Baillie Gifford-managed Asia-Pacific growth investment trust should note the revised voting share count for regulatory notification purposes.

Key Points

  • Pacific Horizon Investment Trust PLC (PHI), managed by Baillie Gifford & Co Limited
  • The company purchased 50,000 ordinary shares at 1,006.62p each on 29 October 2026, to be held in Treasury
  • Total shares held in Treasury now stand at 15,828,989; shares in issue less treasury shares are 76,245,972
  • Investors should monitor whether further buybacks occur and track the updated denominator for FCA disclosure threshold calculations

PHI Purchases 50,000 Ordinary Shares at 1,006.62p for Treasury on 29 October 2026

Pacific Horizon Investment Trust PLC confirmed on 29 October 2026 that it acquired 50,000 of its own ordinary shares at a price of 1,006.62p per share. The announcement, classified under regulated information as an acquisition or disposal of the issuer's own shares, confirms these shares will be transferred to Treasury rather than being cancelled outright. This mechanism is commonly employed by investment trusts seeking to manage any discount between the prevailing market price and net asset value, though the company did not disclose the specific rationale for this particular transaction in the announcement.

Treasury Share Total Climbs to 15,828,989 Following Latest PHI Buyback

Following the completion of this buyback, Pacific Horizon Investment Trust now holds 15,828,989 ordinary shares in Treasury. The total number of shares in issue, less those held in Treasury, stands at 76,245,972. This net figure is the one shareholders must use as the denominator when assessing whether their holdings have crossed a threshold requiring notification under the FCA's Disclosure Guidance and Transparency Rules. Shareholders are advised to use this updated figure of 76,245,972 for any relevant percentage interest calculations going forward, as required under applicable regulatory obligations.

Baillie Gifford Acts as Company Secretary for FCA-Regulated PHI Disclosure

The announcement was filed by Baillie Gifford & Co Limited in its capacity as Company Secretaries to Pacific Horizon Investment Trust. Baillie Gifford is the Edinburgh-based investment management firm responsible for managing PHI's portfolio, which focuses on growth companies across the Asia-Pacific region. The trust's Legal Entity Identifier is recorded as VLGEI9B8R0REWKB0LN95. Regular buyback activity of this nature is typical for closed-ended investment trusts and forms part of ongoing capital management, though the frequency and scale of future transactions remain subject to board discretion and market conditions.