REG-European Inv Tst Plc: Share Repurchase Authority <Origin Href="QuoteRef">EUTP.L</Origin>

Baillie Gifford European Growth TrustAnnouncement

11/01/2018 13:15

The European Investment Trust plc (the “Company”)

Share Repurchase Authority

The Company announces that, as a result of the passing of resolution 11 at the
Company's Annual General Meeting held on 11 January 2018, it has authority to
repurchase up to a maximum of 6,296,814 of its ordinary shares. Such authority
lasts until the Company’s next Annual General Meeting in 2019, unless it has
been fully exercised, or renewed or expressly revoked by shareholders before
then.

The maximum price (exclusive of expenses) which may be paid by the Company for
an ordinary share shall be no more than the higher of (a) 105% of the average
of the closing market value of such shares (as derived from the Daily Official
List of the London Stock Exchange) for the five business days prior to the
date of purchase; and (b) the amount stipulated by Article 5(6) of the Market
Abuse Regulation.

In addition, it is the Company's policy that repurchases of shares will only
be made at prices below the prevailing net asset value of the Company's shares
and where the Company's Directors consider it to be in the best interests of
shareholders and the Company to do so.

It is expected that similar announcements will be made each time the share
repurchase authority is renewed.
 

11 January 2018

LEI: 213800QNN9EHZ4SC1R12

Enquiries:

Kenneth J Greig
Edinburgh Partners AIFM Limited
Tel: 0131 270 3800

The Company’s registered office address is:

Beaufort House
51 New North Road
Exeter
EX4 4EP



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