Utilico Emerging Markets Trust plc has announced the purchase and cancellation of 380,000 ordinary shares at a price of 270.00p per share, executed on 5 November 2026. The transaction reduces the total number of voting shares in issue to 169,731,391. Buybacks of this nature are typically used by investment trusts to manage discount to net asset value, returning capital to shareholders while reducing the share count. Investors in the closed-ended trust will note the updated denominator figure now applicable under FCA Disclosure Guidance and Transparency Rules.

Key Points

  • Utilico Emerging Markets Trust plc (UEM)
  • The company purchased 380,000 ordinary shares of 1p each for cancellation at 270.00p per share on 5 November 2026
  • Total voting shares in issue now stand at 169,731,391 following the cancellation
  • Investors should monitor whether further buyback tranches are announced and track any movement relative to net asset value

UEM Cancels 380,000 Ordinary Shares at a Fixed Price of 270.00p

The board of Utilico Emerging Markets Trust plc confirmed that all 380,000 shares were purchased at a single uniform price of 270.00p, with the announcement noting the lowest and highest price paid per share was identically 270.00p. The shares, each carrying a nominal value of 1p, were acquired for cancellation rather than to be held in treasury. Utilico Emerging Markets Trust is a London-listed closed-ended investment trust that focuses on infrastructure and utility investments across emerging markets globally, managed by ICM Investment Management Limited.

Voting Share Count Falls to 169,731,391 After Cancellation

Following the cancellation of the 380,000 shares, the total number of ordinary shares carrying voting rights now in issue stands at 169,731,391. This revised figure is the denominator shareholders must use when calculating whether they are required to disclose an interest, or a change in interest, under the FCA's Disclosure Guidance and Transparency Rules. The company's LEI number is 2138005TJMCWR2394O39. Shareholders approaching notification thresholds under those rules should use the updated figure of 169,731,391 to determine their obligations with immediate effect from this announcement.

ICM Investment Management and Shore Capital Named as Key Contacts

The announcement identifies ICM Investment Management Limited, the trust's investment manager, as the primary contact for enquiries, with named individuals including Charles Jillings, Jacqueline Broers, and Alastair Moreton reachable on the disclosed telephone number. Shore Capital acts as broker to the trust, with Adam Gill, William Sanderson, Gillian Martin, and Fiona Conroy listed across sales, corporate, and broking functions. The involvement of an established investment manager and a named broker reflects the governance structure typical of a UK-listed investment trust operating under FCA oversight.