Temple Bar Investment Trust plc (TMPL) has sold 485,000 ordinary shares of 5p each from treasury at a price of 439.96 pence per share, the company announced on 10 November 2026. The transaction reduces the trust's treasury holding and increases the number of shares available for trading in the market. Following the sale, the total voting rights figure stands at 307,784,378, a key denominator shareholders must use when assessing their disclosure obligations under the FCA's Disclosure and Transparency Rules.

Key Points

  • Temple Bar Investment Trust plc (TMPL) — a UK-listed investment trust managed by Redwheel
  • 485,000 ordinary shares of 5p each sold from treasury at 439.96 pence per share on 10 November 2026
  • Treasury shares following the transaction: 26,579,447; total shares in issue including treasury: 334,363,825; total voting rights: 307,784,378
  • Investors should monitor whether this sale forms part of a broader programme to reduce the trust's treasury position or narrow its discount to net asset value

Temple Bar Sells 485,000 Shares from Treasury at 439.96p on 10 November 2026

Temple Bar Investment Trust confirmed it sold 485,000 ordinary shares of 5p each from treasury at a price of 439.96 pence per share. The announcement states that the re-issued shares rank pari passu with existing ordinary shares, meaning they carry identical rights with respect to dividends, voting, and return of capital. The trust is managed by Redwheel and administered by Frostrow Capital LLP, with Cavendish Securities plc acting as broker. The sale represents a standard mechanism by which investment trusts can deploy previously repurchased shares back into the market, typically when shares trade at or near net asset value.

Treasury and Voting Rights Position Following the TMPL Share Re-Issue

Following the transaction, Temple Bar holds 26,579,447 ordinary shares in treasury, while the total number of ordinary shares in issue — including those held in treasury — stands at 334,363,825. The total number of voting rights is 307,784,378. The announcement explicitly notes that shareholders should use the figure of 307,784,378 as the denominator when calculating whether they are required to notify the company of their interest, or any change to their interest, under the FCA's Disclosure and Transparency Rules. This is a standard regulatory obligation associated with treasury share transactions of this nature.

Role of Frostrow Capital and Redwheel in Managing TMPL's Share Capital

Temple Bar Investment Trust is an actively managed UK equity investment trust with its portfolio overseen by Redwheel, formerly known as RWC Partners. Frostrow Capital LLP serves as the company's alternative investment fund manager and administrator, with contact provided through Mark Pope. Communications are handled by Montfort Communications. The trust's investment mandate focuses on UK equities, and treasury share activity of this kind is often used by investment trust boards to manage the discount at which the trust's shares may trade relative to underlying net asset value, though no specific rationale was disclosed in this announcement.