River UK Micro Cap Limited Completes Share Buyback at 228p per Share on 23 July 2026

Share Buyback Transaction Details on 23 July 2026

River UK Micro Cap Limited conducted a targeted share buyback on 23 July 2026, purchasing 12,744 no-par value ordinary shares at a uniform price of 228 pence each. The entire transaction was executed on the London Stock Exchange (XLON) at 16:25:45 on the same day. Although the company did not disclose the total transaction value, investors can calculate it by multiplying the shares acquired by the price paid.

Singer Capital Markets facilitated the transaction as the company’s banking partner. Notably, the highest, lowest, and volume-weighted average prices were all 228 pence, indicating the shares were bought in a single block trade rather than multiple trades at varying prices or times.

Capital Structure and Treasury Shares After Buyback

Following this buyback, River UK Micro Cap Limited’s issued share capital stands at 33,897,954 ordinary shares, each with one voting right. Of these, 1,453,113 shares are held in treasury and do not carry voting rights. Consequently, the total voting shares amount to 32,444,841. This figure is critical for shareholders when calculating disclosure thresholds under the FCA’s Disclosure Guidance and Transparency Rules.

Ongoing Buyback Programme Confirmed in March 2026

The July 2026 share repurchase continues the company’s authorised buyback programme announced on 23 March 2026. The company has not disclosed the original authorisation date, total programme limit, or completion timeline. This ongoing buyback reflects a capital management strategy typical of investment companies and closed-ended funds aiming to manage share price discounts relative to net asset value or to enhance earnings per share.

Execution of this transaction months after confirming the programme suggests the buyback authority remains valid, with adequate financial and regulatory approvals. The company has not indicated whether additional purchases are planned.

Regulatory Compliance and Market Abuse Regulation Disclosures

River UK Micro Cap Limited’s announcement complies fully with Article 5(1)(b) of Regulation (EU) No 596/2014 (Market Abuse Regulation), retained in UK law post-Brexit. The disclosure includes the exact number of shares bought (12,744), the price per share (228 pence), execution time (16:25:45), and trading venue (XLON).

This transparency ensures the market receives timely, price-sensitive information, supporting fair trading and preventing market abuse. Publishing this data via the Regulatory News Service (RNS) on the transaction date demonstrates the company’s adherence to market disclosure obligations.

Singer Capital Markets’ Role as Broker and Facilitator

Singer Capital Markets acted as broker and facilitator for the buyback, executing the trade on the London Stock Exchange. As a Financial Conduct Authority-regulated investment bank, Singer provides advisory and execution services to listed companies and investment funds. Their involvement ensures the transaction was conducted under proper market supervision and compliance.

Contact details for James Moat of Singer Capital Markets and Lucy Draper of River Global indicate coordinated management of the buyback programme. The company did not disclose fees or costs related to this transaction.

Impact on Voting Rights and Shareholder Disclosure Obligations

The announcement clarifies that the post-buyback voting share count of 32,444,841 should be used by shareholders to assess their disclosure obligations under the FCA’s Disclosure Guidance and Transparency Rules. UK shareholders must notify when their holdings cross thresholds such as 3%, 5%, or 10% of voting rights.

Reducing total voting shares via treasury holdings effectively increases the voting power percentage of each remaining shareholding. For example, a shareholder with 1,000,000 shares holds a higher voting percentage after the buyback than before. This recalculation is significant for institutional and activist investors monitoring their disclosure positions.

Company Profile and Investment Strategy

River UK Micro Cap Limited is an investment company focused on UK small-cap and micro-cap equities, targeting higher growth potential albeit with increased volatility and lower liquidity. The ongoing buyback programme aligns with typical closed-ended fund strategies to manage share price discounts relative to net asset value.

Share buybacks are often employed when shares trade below net asset value to benefit remaining shareholders by reducing outstanding shares and potentially narrowing discounts. The company has not disclosed its current net asset value per share or the discount/premium level at which shares trade, nor the specific rationale for the July 2026 purchase.

Investor Contacts and Disclosure Channels

For further information, River UK Micro Cap Limited provides contacts for Lucy Draper of River Global ([email protected], +44 7702 799 117) and James Moat of Singer Capital Markets (+44 20 7496 3000). This dual-contact setup offers investors access to both company management and financial advisory support.

The announcement was disseminated via the Regulatory News Service (RNS) and is accessible on the Investegate platform.

Market Context and Share Price Insights

The 228 pence per share buyback price on 23 July 2026 represents a specific valuation point, though the announcement does not disclose intraday price ranges, opening or closing prices, or trading volumes for that day. Investors should consult market data and company financial reports to assess how this price relates to net asset value and historical share performance.

The single-price execution at 16:25:45 suggests a deliberate, orderly transaction strategy by the company and broker. The announcement does not clarify whether this price reflected a discount or premium to net asset value or the closing market price.