Share Repurchase Programme

abrdn PLC

05 June 2023

 

abrdn plc (the "Company")

Share Repurchase Programme

The Company announces today the start of a repurchase programme of up to £150m of the Company's ordinary shares (the "Programme"), which is being undertaken by J.P. Morgan Securities plc ("JPMS plc") under the terms set out below.

On 5 June 2023, 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 300,083,639 ordinary shares in the Company's share capital (the "Shares") for an aggregate consideration of no greater than £150m. The purchase of Shares will take place during the period commencing on 5 June 2023 and ending no later than 5 September 2023.

Any purchase of Shares made in relation to the Programme will be executed in accordance with the UK Listing Rules and the Company's authority to make market purchases of Shares and carried out on the London Stock Exchange and/or Cboe Europe (through the BXE and CXE order books). The Company will announce any market repurchase of Shares by no later than 7.30 a.m. (London time) on the exchange trading day following the calendar day on which the repurchase occurred.

The purpose of the Programme is to reduce the share capital of the Company. All Shares purchased will be cancelled.

5 June 2023

Enquiries:

Institutional Equity Investors Catherine Nash	[phone]
Media Duncan Young	[phone]
Group Secretariat Julian Baddeley	+ 44 (0) 7553 664 045

LEI: OTMBS544NMO7GLCE7H90

 

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