18 Mar 2024 15:13
abrdn New India Investment Trust plc
18 March 2024
Â
Â
ABRDN NEW INDIA INVESTMENT TRUST PLC
Legal Entity Identifier (LEI): 549300D2AW66WYEVKF02
Â
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.
Â
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.
Â
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.
Â
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).
Â
Â
Enquiries:
Â
abrdn New India Investment Trust plc
Stuart Reid
cef.cosec@abrdn.com
Â
Winterflood Investment Trusts
Neil Langford
020 3100 0000