CT UK Capital And Income Investment Trust Plc (LSE:CTUK) commences share repurchases on March 14, 2024, under the program mandated by the shareholders in the Annual General Meeting held on March 7, 2024. As per the mandate, the company is authorized to repurchase up to 15,550,003 shares, representing 14.99% of its issued share capital. The minimum price (exclusive of expenses) which may be paid for each ordinary share is £0.25 and the maximum price which may be paid for each ordinary share is the higher an amount equal to 105% of the average of the middle market quotations for an ordinary share as derived from the London Stock Exchange Daily Official List of the UK Listing Authority for the five business days immediately preceding the day on which the ordinary share is contracted to be purchased and an amount equal to the higher of the price of the last independent trade of an ordinary share and the current highest independent bid for an ordinary share as derived from the London Stock Exchange Trading System.

The shares purchased may be used either for retention as treasury shares for future reissue, resale or transfer, or cancellation. The authority shall expire at on the date which is 15 months after the passing of this resolution and the conclusion of the Annual General Meeting of the Company in 2025, unless such authority is varied, revoked or renewed prior to such time by the company in general meeting by special resolution. As of November 28, 2023, the company had 103,735,845 ordinary shares in issue and 3,553,177 ordinary shares in treasury.