SMITHSON INVESTME LS-,01

The Financial Conduct Authority has temporarily suspended the listing of Smithson Investment Trust’s shares at the company’s request; the measure took effect Wednesday at 7:30 a.m. GMT. The suspension affects fully paid ordinary shares (ISIN GB00BGJWTR88) of the closed‑ended investment fund. The FCA gave no reasons and provided no timetable for a resumption of trading. » More on de.investing.com

The Smithson Investment Trust has received approval from the Central Bank of Ireland to market its Smithson Equity Fund in Ireland. This enables shareholders with a registered or residential address in Ireland to transfer their holdings into a new UK OEIC, opt for a cash distribution, or combine both. The restructuring plan provides for general meetings on 10 and 27 February, trading in reclassified shares will be suspended on 27 February, and fund units are expected to be traded from 2 March. » More on de.investing.com

Smithson Investment Trust has convened a general meeting for 3 December to ask shareholders to approve the early renewal of its share buyback authority. The trust has been conducting buybacks since April 2022 because the stock trades at a discount to net asset value, and it expects to exhaust the current mandate before its scheduled renewal in April 2026. The vote is intended to allow the board to continue the buyback programme. » More on de.investing.com