Witan Investment Trust announced its first interim dividend of 1.175p per ordinary share of 25p for the year ending 31 December 2019. This interim dividend will be paid on 24 June 2019 to shareholders registered at the close of business on Friday 31 May 2019. The ex-dividend date is 30 May 2019.
Witan renewed its buyback authority at its AGM on 1 May 2019. The trust now has the authority to purchase up to 132.5m of its new ordinary shares of 5p each, once Resolution 12 becomes effective on 28 May 2019, or otherwise 26.5m of its ordinary shares of 25p each. The authority will expire at the conclusion of its next annual general meeting or on 1 November 2020, whichever is earlier.
The buybacks may be funded from own cash resources or, if appropriate, from short-term borrowings.