RIT CP completes first share buyback since 2013

Numis declares 'attractive buying opportunity'

RIT Capital Partners investment trust completed its first share buyback since 2013 yesterday (29 October), purchasing 20,500 ordinary shares at a price of £18.19 each.

The repurchase of the shares, which amount to 0.01% of the company's 156,848,065 issued share capital and will be held in treasury, will leave the number of shares with voting rights in issue at 156,827,565, the company confirmed this morning (30 October). C-suite succession planning: The key considerations In an investor note, analysts from Numis noted that RIT's discount has "noticeably widened this year" and the trust has previously indicated it would consider buybacks when its discount was approaching double-digits. RIT is currently trading on a 9.1% discount to NAV of £2bn, ac...