11th Sep 2026 17:00
Lindsell Train Investment Trust PLC - investment trust created by Michael Lindsell and Nick Train and managed by Lindsell Train Ltd that invests for long-term total returns while maintaining real purchasing power of capital in sterling terms - Announces a tender offer to buy back up to 20% of its issued share capital. Says that since its launch in 2001, it has delivered an annualised net asset value total return of plus 10.5%, ahead of the MSCI World Index's plus 7.8%. However, the annualised return over the last five years has been a "disappointing" minus 7.1%, which Lindsell believes has led to the widening of the discount at which its shares trade. The tender offer is intended to narrow the discount. Lindsell says it remains confident in its investment approach and the quality of its portfolio. This includes its stake in Lindsell Train Ltd. Read More
