Pacific Horizon Investment Trust PLC (PHI), the Baillie Gifford-managed investment trust focused on Asia-Pacific growth equities, has published its latest voting rights and capital disclosure as required under FCA Disclosure Guidance and Transparency Rule 5.6.1.R. The announcement, dated 2 November 2026, confirms that the trust's total voting rights stand at 76,145,972 ordinary shares. The figure is significant for existing and prospective shareholders who must use it as the denominator when calculating whether their holdings trigger a mandatory disclosure obligation under the FCA's transparency regime. Investors monitoring their percentage interest in PHI should update their calculations accordingly.

Key Points

  • Pacific Horizon Investment Trust PLC (PHI), company secretaries Baillie Gifford & Co Limited
  • Total voting rights confirmed at 76,145,972 ordinary shares as of 2 November 2026
  • Total issued share capital stands at 92,074,961 ordinary shares, with 15,928,989 shares held in Treasury
  • Shareholders should use 76,145,972 as the FCA transparency denominator when assessing notification obligations

PHI Share Capital Breakdown: 92,074,961 Issued Shares and 15,928,989 Held in Treasury

The announcement sets out Pacific Horizon Investment Trust's full capital structure as at 2 November 2026. Total issued ordinary share capital amounts to 92,074,961 shares. Of these, 15,928,989 ordinary shares are currently held in Treasury and therefore carry no voting rights. Subtracting the Treasury holding from the total issued capital produces the confirmed voting rights figure of 76,145,972. Treasury shares are a common mechanism used by investment trusts to manage discount to net asset value, and the volume held by PHI represents a meaningful proportion of total issued capital, which investors may consider when assessing liquidity and potential future share buyback or re-issuance activity.

FCA Rule 5.6.1.R Compliance: How Shareholders Must Use the 76,145,972 Denominator

Under FCA Disclosure Guidance and Transparency Rule 5.6.1.R, listed companies are required to notify the market whenever their total capital or voting rights change, enabling shareholders to determine whether their own holdings have crossed a reportable threshold. The confirmed denominator of 76,145,972 must be used by all shareholders in PHI when performing those threshold calculations. Any investor whose proportionate interest in voting rights has crossed, reached, or fallen below a notifiable percentage — as defined under the FCA's rules — would be required to submit the appropriate notification. This regulatory disclosure is a routine but legally important obligation for both the trust and its shareholder base.

Baillie Gifford's Role as Company Secretary and PHI's Asia-Pacific Growth Mandate

Pacific Horizon Investment Trust is managed and administered by Baillie Gifford & Co Limited, the Edinburgh-based investment management firm, which also acts as company secretary and filed this regulatory notice. PHI pursues a growth-oriented investment strategy with a focus on the Asia-Pacific region, seeking capital appreciation through equity exposure across developing and developed Asian markets. The trust is listed on the London Stock Exchange and operates under the investment trust structure, meaning it issues a fixed number of shares that trade on the open market. Baillie Gifford's secretarial role encompasses ongoing regulatory compliance filings such as this voting rights disclosure.