Shires Income PLC Share buy-back programme (8315J)
21 Agosto 2023 - 1:00AM
UK Regulatory
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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