REG - abrdn New India IT. - Share Buy-Back Engagement

abrdn New India Investment TrustAnnouncement

18/03/2024 15:15

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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 (mailto:cef.cosec@abrdn.com)

 

Winterflood Investment Trusts

Neil Langford

020 3100 0000

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