WITAN PACIFIC INVESTMENT TRUST PLC (the "Company")
Annual General Meeting
The Company announces that, at its Annual General Meeting held on 12 June 2019 (the "AGM"), all resolutions as set out in the Notice of the Meeting were duly passed on a show of hands. Details of the proxy votes received on these resolutions prior to the meeting will shortly be made available on the Company's website.
The full text of the resolutions passed at the AGM may be found in the Notice of Meeting contained in the Report and Accounts for the year ended 31 January 2019. Copies will be submitted to the National Storage Mechanism and will shortly be available at www.morningstar.co.uk/uk/nsm.
Share buy-back programme
The Company announces that it has authority to repurchase a maximum of 9,273,780 of its ordinary shares (being its outstanding shareholder authority). Such authority lasts until the next shareholder authority granted, or where expressly revoked by shareholders. The buy-back may be funded from the Company's resources (including redemptions on funds the Company has invested in and debt facilities, where relevant). No maximum consideration payable has been determined by the Company, but the Company is unable to pay a price for any shares pursuant to the buy-back which would equate to a premium on the net asset value.
The Company has appointed J.P. Morgan Securities plc to act as its broker in respect of the buy-back.
The buy-back will be undertaken pursuant the Company's discount management policy.
This arrangement is in accordance with Chapter 12 of the UKLA Listing Rules and the Company's general authority to repurchase shares.
Link Company Matters Limited - Corporate Secretary
12 June 2019
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