Temple Bar Investment Trust plc (TMPL) has sold 555,000 ordinary shares from treasury at a price of 445.77 pence per share, according to a company announcement dated 13 November 2026. The transaction reduces the trust's treasury holding and increases the number of voting ordinary shares in circulation. For investors, the disclosure is significant as it updates the denominator figure used to calculate shareholding notification thresholds under the FCA's Disclosure and Transparency Rules.

Key Points

  • Temple Bar Investment Trust plc (TMPL)
  • 555,000 ordinary shares of 5p each sold from treasury at 445.77 pence per share on 13 November 2026
  • Total voting rights now stand at 309,374,378; treasury holding reduced to 24,989,447 shares
  • Investors should monitor whether this sale forms part of a wider programme to manage the trust's discount or premium to net asset value

Temple Bar Sells 555,000 Shares from Treasury at 445.77p Each

Temple Bar Investment Trust plc confirmed it sold 555,000 ordinary shares of 5p each from treasury on 13 November 2026, at a price of 445.77 pence per share. The announcement states that the re-issued shares rank pari passu with existing ordinary shares already in issue, meaning they carry identical rights with respect to dividends, voting, and capital distribution. Temple Bar is a UK-listed investment trust focused on value investing in UK equities, managed by Redwheel, with Frostrow Capital LLP acting as its alternative investment fund manager and company secretary.

Treasury Holding Falls to 24,989,447 Shares After TMPL Transaction

Following the sale, the total number of ordinary shares held by Temple Bar in treasury stands at 24,989,447. The total number of ordinary shares in issue, including those held in treasury, is 334,363,825. Investment trusts commonly use treasury share mechanisms to manage the relationship between their market price and net asset value, buying back shares when trading at a discount and re-issuing them when demand supports a tighter discount or a premium. The announcement does not specify whether this transaction forms part of a formally stated issuance programme, and the company did not disclose this figure in the announcement.

FCA Disclosure Threshold Denominator Set at 309,374,378 Voting Rights

The total number of voting rights in Temple Bar Investment Trust following this re-issue is 309,374,378. The company explicitly states in the announcement that this figure may be used by shareholders as the denominator when calculating whether they are required to notify their interest, or any change to their interest, under the FCA's Disclosure and Transparency Rules. Shareholders approaching relevant notification thresholds — typically 3%, 5%, or higher — should use this updated figure to assess their obligations accurately. Investors monitoring their percentage holdings in TMPL should update their calculations accordingly following this change.

Redwheel Manages Temple Bar as Frostrow Capital Oversees Fund Administration

Temple Bar Investment Trust is managed by Redwheel, an active investment manager specialising in value-oriented strategies, with a particular focus on UK-listed equities. Frostrow Capital LLP serves as the trust's alternative investment fund manager, with Mark Pope listed as the primary contact in the announcement. Cavendish Securities plc acts as corporate broker, with Montfort Communications handling investor relations. The trust's LEI is 213800O8EAP4SG5JD323. Shareholders or analysts requiring further information are directed to contact Frostrow Capital or Montfort Communications using the details provided in the company update.