05.06.2023 08:19:06 - dpa-AFX: Abrdn Commences Up To £150 Mln Repurchase Programme
LONDON (dpa-AFX) - Investment company abrdn PLC (SLFPY.PK, SLA.L) announced
Monday the start of a repurchase programme of up to 150 million pounds of its
ordinary shares, which is being undertaken by J.P. Morgan Securities plc.
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
300.08 million ordinary shares in abrdn's share capital for an aggregate
consideration of no greater than 150 million pounds.
The purchase of shares will take place during the period commencing on Monday
and ending no later than September 5.
The purpose of the programme is to reduce abrdn's share capital. All Shares
purchased will be cancelled.
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