REG - abrdn PLC - Share Repurchase Programme

AberdeenAnnouncement

05/06/2023 07:00

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RNS Number : 5729B  abrdn PLC  05 June 2023

abrdn plc (the "Company")

 

 

Share Repurchase Programme

The Company announces today the start of a repurchase programme of up to
£150m of the Company's ordinary shares (the "Programme"), which is being
undertaken by J.P. Morgan Securities plc ("JPMS plc") under the terms set out
below.

 

On 5 June 2023, the Company entered into a non-discretionary instruction with
JPMS plc in relation to the purchase by JPMS plc, acting as riskless
principal, of up to 300,083,639 ordinary shares in the Company's share capital
(the "Shares") for an aggregate consideration of no greater than £150m. The
purchase of Shares will take place during the period commencing on 5 June 2023
and ending no later than 5 September 2023.

 

Any purchase of Shares made in relation to the Programme will be executed in
accordance with the UK Listing Rules and the Company's authority to make
market purchases of Shares and carried out on the London Stock Exchange and/or
Cboe Europe (through the BXE and CXE order books). The Company will announce
any market repurchase of Shares by no later than 7.30 a.m. (London time) on
the exchange trading day following the calendar day on which the repurchase
occurred.

 

The purpose of the Programme is to reduce the share capital of the Company.
All Shares purchased will be cancelled.

 

 

5 June 2023

 

 

Enquiries:

 

 Institutional Equity Investors

 Catherine Nash                  +44 (0) 7798 518 657

 Media

 Duncan Young                    +44 (0) 7920 868 865

 Group Secretariat

 Julian Baddeley                 + 44 (0) 7553 664 045

 

 

 

LEI: OTMBS544NMO7GLCE7H90

 

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