Circ re. Notice of General Meeting

RIGHTS AND ISSUES INVESTMENT TRUST PLC (the "Company")

Legal Entity Identifier: 2138002AWAM93Z6BP574

Issue of Circular and Notice of General Meeting

The Company announces that it has today issued a circular (the 'Circular') convening a general meeting (the 'General Meeting') of shareholders to be held at 2:00pm on Thursday, 8th May 2025 at the Zig Zag Building, 70 Victoria Street, London SW1E 6SQ. The General Meeting is being convened to seek shareholder approval for the Company to buy back up to 14.99% of its Ordinary Shares, representing 716,600 Ordinary Shares as at the date of the circular.

The Company has, for many years, operated a share buyback programme. The buyback programme was established to seek to manage any discount at which the Ordinary Shares trade, and also to provide liquidity for Shareholders who may wish to realise their investment in the Company.

At the Company's annual general meeting held on 24th March 2025 (the "2025 AGM"), the proposed special resolution seeking authority to buy back shares (the "AGM Buyback Resolution"), received some opposition, primarily from a single material Shareholder. In addition, less than 47% of the Ordinary Shares eligible to vote on the AGM Buyback Resolution were cast. Consequently, the Board decided to withdraw the AGM Buyback Resolution from the business of the 2025 AGM to allow time for the Company to consult with the dissenting Shareholder and to seek feedback from other significant Shareholders. This consultation having now completed, the Board is convening the General Meeting to seek the authority of Shareholders to make market purchases of Ordinary Shares so that the Company may re-commence a share buyback programme.

The Board strongly believes that the ongoing ability of the Company to buy back its own Ordinary Shares is in the interests of all Shareholders and recommends that shareholders vote in favour of the resolution to be proposed at the General Meeting.

Printed copies of the Circular and Notice of General Meeting will be sent to those Shareholders electing to receive hard copies. 

A copy of the Circular and Notice of General Meeting will shortly be available to view and download from the Company's website www.jupiteram.com/rights-and-issues-investment-trust-plc.

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