HgCapital Trust PLC

Transaction in Own Shares • Oct 14, 2022

National Storage Mechanism | Additional information

RNS Number : 8643C

HgCapital Trust PLC

14 October 2022

HgCapital Trust plc

Legal Entity Identifier: 213800J7QUJJBEFSIN38

Transaction in Own Shares

14 October 2022

HgCapital Trust plc ("HGT" or the "Company") announces that on 13 October 2022 the Company purchased for cancellation 401,308 Ordinary Shares of 2.5p each at an average price of 336.30p per share in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 10 May 2022.

Date of purchase	Volume weighted average price paid per share (GBp)	Number of shares purchased	Lowest price paid per share: (GBp)	Highest price paid per share: (GBp)	Venue
13 October 2022	336.30	401,308	334.00	340.00	XLON

Following the settlement of this purchase, the issued share capital of the Company will be 457,728,500 Ordinary Shares. 

The above figure (457,728,500) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Rationale for repurchasing Shares

As stated in the 2022 interim report published in September, the Board of HGT regularly reviews and updates HGT's share buyback policy to support its ability to manage the Company's share price and discount to NAV per share.

The current macro-economic and geo-political environment has resulted in heightened volatility in financial markets. Whilst HGT navigates these, the Board is keen to emphasise its confidence in the robustness of the net asset value figures that are released to the market on a quarterly basis, and the strong earnings growth from the underlying portfolio companies that accompany these.

The Board made new commitments to Hg funds during 2022 which are expected to drive new investment activity, and also expects to see further liquidity events from the portfolio over the next 6 to 12 months. The Board will continue to assess the potential for buybacks in line with the Company's policy, while having regard for the ongoing liquidity profile of the Company.

For further details:

Hg

Laura Dixon

+44 (0)78 2459 2894

Numis

David Benda (corporate)

+44 (0)20 7260 1275

Link Company Matters Limited, Company Secretary

Alex Saldarini

+44 (0) 7540 297 938

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