Troy Income & Growth Trust Plc commences share repurchases on Janaury 28, 2021, under the program mandated by the shareholders in the Annual General Meeting held on January 28, 2021. As per the mandate, the company is authorized to repurchase up to 52,053,222 shares, representing 14.99% of its issued capital. The minimum price which may be paid per ordinary share will be £0.25.

The maximum price which may be paid for any ordinary share shall be equal to the amount 105% of the average of the closing price of the company's ordinary shares as derived from the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which such share is contracted to be purchased. The share repurchase program will expire at the conclusion of the next Annual General Meeting or on March 31, 2022, whichever is earlier, unless previously renewed, varied or revoked by the company in a General Meeting. As of November 23, 2020, the company had 347,252,987 ordinary shares in issue.