UK's abrdn rises on share buyback program

Maven Income and Growth VCT 4

05/06/2023 11:32

** Shares of investment company abrdn  ABDN.L  rise as much
as 4.3% to 212.3 pence
    ** Co among top pct gainers on UK's blue-chip index  .FTSE 
        ** ABDN 
    announces
     the start of a share repurchase program of up to 150
million pounds ($185.90 million), which is being undertaken by
J.P. Morgan Securities Plc (JPMS) 
  
        ** JPMS will buy up to 300.1 million ordinary shares of
ABDN between June 5 and Sept 5 
    ** Two of 16 brokerages rate the stock "buy", 3 "hold" and
11 "sell" or lower; their median PT is 190 pence - Refinitiv
data
    ** Including session's gains, ABDN rose 12.34% YTD


($1 = 0.8069 pounds)

 (Reporting by Shreyaa Narayanan in Bengaluru)
 ((Shreyaa.Narayanan@thomsonreuters.com))