Edinburgh Investment Trust Buys Back 85,000 Shares for Treasury
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Edinburgh Investment Trust PLC has repurchased 85,000 of its ordinary shares at an average price of 815.57p per share, planning to hold them in treasury. This buyback reduces the number of shares with voting rights, slightly increasing existing investors' ownership. The trust's issued share capital remains at 195,666,734 ordinary shares, with 65,358,709 held in treasury. Spark's analysis rates EDIN as an Outperform, citing solid financial strength and supportive technicals, with reasonable valuation and dividend yield.
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