Rights and Issues Investment Trust Public Limited Company (LSE:RIII) commences share repurchases on March 23, 2023 , under the program mandated by the shareholders in the Annual General Meeting held on March 23, 2023 . As per the mandate, the company is authorized to repurchase maximum up to 912,691 shares, representing 14.99% of its issued share capital. The minimum price which may be paid for an Income share is nominal value and the maximum price which may be paid for each ordinary share is the higher an amount equal to 105% of the average of the middle market quotations for an ordinary share as derived from the London Stock Exchange Daily Official List of the UK Listing Authority for the five business days immediately preceding the day on which the ordinary share is purchased and the higher of the last independent bid and the highest current independent bid on the London Stock Exchange when the purchase is carried out, or such other amount as may be specified.

The repurchase mandate will expire at the conclusion of next Annual General Meeting of the Company unless such authority is renewed prior to such time. Shares repurchased will be cancelled or transferred into treasury immediately upon completion of the purchases. As of February 13, 2023, the company had 6,088,670 shares in issue.