Guinness VCT plc, a London-listed investment trust, has approved a £262,000 share buyback and re-elected two directors at its annual general meeting held on September 24, 2026. The company authorized directors to allot shares up to an aggregate nominal value of £250,000—approximately 138% of its issued share capital as of July 15, 2026—while separately approving £12,000 for a dividend reinvestment scheme. Pre-emption rights were waived for both transactions. Shareholders also authorized the company to repurchase up to 14.99% of its ordinary shares on the market, with a minimum purchase price set at nominal value and a maximum capped at the higher of 105% of the average five-day middle-market price or the amount specified under Market Abuse Regulation Article 5(6).
The resolutions passed with strong support: the directors’ report received 654,975 votes in favor, while the share buyback authorization garnered 644,985 votes in favor against 9,990 opposed. All proposals were approved by shareholders via a show of hands. The authorities granted under the meeting’s resolutions will expire either at the next annual general meeting or 15 months from approval, whichever comes later. The company’s financial year ended on March 31, 2026, and its auditor, BDO LLP, remains valid until the next AGM in 2027.
Guinness VCT plc, which is based in London, has been authorized to conduct these transactions under the terms of its shareholder resolutions. The buyback represents a strategic move to reduce shareholder equity, while the director re-elections reflect continued confidence in the management team.
