Pacific Horizon Investment Trust PLC commences an Equity Buyback Plan for 13,546,178 shares, representing 14.99% of its issued share capital, under the authorization approved on November 21, 2024.

Pacific Horizon Investment Trust PLC (LSE:PHI) commences share repurchases on November 21, 2024, under the program mandated by the shareholders in the Annual General Meeting held on November 21, 2024. As per the mandate, the company is authorized to repurchase up to 13,546,178 shares, representing 14.95% of its issued share capital. The minimum price (exclusive of expenses) which may be paid for each ordinary share is its nominal value and the maximum price which may be paid for each ordinary share is the higher an amount equal to 5% above the average closing price of the London Stock Exchange of an ordinary share over the five business days immediately preceding the date of the purchase and an amount equal to the higher of the price of the last independent trade of an ordinary share and the current highest independent bid for an ordinary share on the London Stock Exchange.

The shares purchased may held as treasury shares, which may then be reissued, sold, transferred or cancelled. The authority shall expire at the conclusion of the next Annual General Meeting of the company or on 21 February 2026 .