TIDMSHRS

RNS Number : 8315J

Shires Income PLC

21 August 2023

Shires Income PLC

LEGAL ENTITY IDENTIFIER (LEI): 549300HVCIHNQNZAYA89

21 August 2023

Share buy-back programme

Shires Income PLC (the "Company") is amending its disclosure policy to include on a regulatory information services ("RIS") details of its share buyback powers which it renews annually. It is expected similar announcements will be made every time the share buyback authority is renewed.

The Company announces that it has authority to repurchase a maximum of 4,641,590 of its ordinary shares (being it outstanding shareholder authority). Such authority lasts until the next shareholder authority granted, or where expressly revoked by shareholders. The buyback may be funded from the Company's resources (including redemptions on funds the Company has invested in and debt facilities). No maximum consideration payable has been determined by the Company, but the Company is unable to pay a price for any shares pursuant to the buy-back which would equate to a premium on the net asset value.

The Company has appointed J.P. Morgan Securities plc to act as its broker in respect of the buy-back.

The buy-back will be undertaken pursuant the Company's discount management programme.

This arrangement is in accordance with Chapter 12 of the FCA Listing Rules and the Company's general authority to repurchase shares.

For further information, please contact:

G Hay Smith

abrdn Holdings Limited

0131 372 2200

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August 21, 2023 02:00 ET (06:00 GMT)

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