Troy Income & Growth Trust Plc commences share repurchases on January 18, 2023, under the program mandated by the shareholders in the Annual General Meeting held on January 17, 2023. As per the mandate, the company is authorized to repurchase up to 41,699,854 shares, representing 14.99% of its issued capital. The minimum price which may be paid per ordinary share will be £0.25.

The maximum price which may be paid for any ordinary share shall be equal to the amount 105% of the average of the closing price of the company's ordinary shares as derived from the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which such share is contracted to be purchased. The share repurchase program will expire at the conclusion of the next Annual General Meeting or on March 31, 2024, whichever is earlier, unless previously renewed, varied or revoked by the company in a General Meeting. As of November 15, 2022, the company had 278,184,487 issued and outstanding shares and had 69,327,500 shares in treasury.