CT Progressive Income PLC purchases shares and holds them in treasury
1 report, 1 independent
Updated Oct 22
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What happened
CT Progressive Income PLC purchased ordinary shares of 25 pence each on the London Stock Exchange through Cavendish Securities plc. These shares were acquired to be held in treasury. Following the transaction, the company holds 15,046,052 ordinary shares in treasury, with 92,242,970 ordinary shares in issue.
From investegate.co.uk
Why it matters
The transaction was disclosed in accordance with Listing Rule 9.6.6 and Financial Conduct Authority rules. The purchase reduces the number of shares in issue, which impacts the total voting rights of the company.
From investegate.co.uk
Who's involved
- companyPurchased its own ordinary shares and held them in treasury.
- Financial Conduct AuthorityThe quasi-governmental agency that requires disclosure of the transaction.
- London Stock ExchangeThe stock exchange where the shares were purchased.
Keep exploring
The entities involved
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Financial Conduct Authority
quasi-governmental agency in the United Kingdom
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London Stock Exchange
stock exchange in the City of London
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