Publication of Circular

abrdn UK Smaller Cos. Growth Trust

07 May 2024

 

abrdn UK Smaller Companies Growth Trust plc

Legal Entity Identifier (LEI):  213800UUKA68SHSJBE37

7 May 2024

Publication of Circular

At the annual general meeting of abrdn UK Smaller Companies Growth Trust plc (the "Company") held on 23 November 2023 (the "2023 AGM") Shareholders gave authority to the Directors to buyback a total of 12,474,394 ordinary shares of 25 pence in the capital of the Company ("Ordinary Shares") representing 14.99 per cent. of the then issued share capital. As at 2 May 2024, the Company has bought back 8,384,700 Ordinary Shares and the authority granted at the 2023 AGM has been substantially utilised and the Directors have concluded that the remaining capacity would be fully utilised before the Company's next annual general meeting, which is expected to be held in November 2024 if the Company's purchases of its own shares were to continue at the same rate as they have since the 2023 AGM. The Directors therefore wish to seek approval for a renewal of this authority.

Accordingly, the Company has today published a circular (the "Circular") and notice of meeting to convene a general meeting (the "General Meeting") at which the appropriate shareholder authorities will be sought. The General Meeting will be held at 11.30 a.m. on 3 June 2024 at the offices of Dentons UK and Middle East LLP at the 9th Floor, 1 Fleet Place, London EC4M 7WS.

Terms used and not defined in this announcement shall have the meanings given to them in the Circular.

A copy of the Circular has been submitted to the National Storage Mechanism ("NSM") and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism *

The Circular will also be available on the Company's website, https://www.abrdnuksmallercompaniesgrowthtrust.co.uk *

*Neither the NSM website nor the Company's website nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.

For further information, please contact:

Evan Bruce-Gardyne

abrdn Fund Managers Limited

Manager

0131 372 2200

Neil Morgan

Winterflood Investment Trusts                        
Corporate Broker                                            

020 3100 0000

 

END