abrdn New India Investment Trust Share Buy-Back Engagement
18 Março 2024 - 12:13PM
RNS Regulatory News
RNS Number : 2923H
abrdn New India Investment Trust
18 March 2024
abrdn New India Investment Trust
plc
18 March 2024
ABRDN
NEW INDIA INVESTMENT TRUST PLC
Legal Entity Identifier (LEI):
549300D2AW66WYEVKF02
SHARE
BUY-BACK ENGAGEMENT
abrdn New India Investment Trust plc (the
"Company") announces that
it has appointed Winterflood
Investment Trusts ("Winterflood") to act as buy-back agent
to effect market purchases on behalf of the Company for the period
until 31 December 2024.
Pursuant to and during the term of the
appointment, Winterflood may independently of, and without
influence by, the Company, effect on-market purchases of the
Company's shares from time to time at its absolute discretion,
subject to certain parameters.
Any shares purchased pursuant to the Share
Repurchase Programme will be under the Company's general buy back
authority of 14.99% of the Company's issued share capital, as
approved at the Company's 2023 AGM, or similar authority to be
sought at the 2024 AGM.
A buy-back of Shares on any trading day may
represent a significant proportion of the daily trading volume in
the Shares on the Exchange (and could exceed the 25% limit of the
average daily trading volume of the preceding 20 business days as
referred to in the Commission Delegated Regulation (EU) No.
2016/1052 on buy-back programmes).
Enquiries:
abrdn New India
Investment Trust plc
Stuart Reid
cef.cosec@abrdn.com
Winterflood
Investment Trusts
Neil Langford
020 3100 0000
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END
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