abrdn UK Smaller Cos. Growth Trust Publication of Circular
07 May 2024 - 5:38PM
RNS Regulatory News
RNS Number : 4047N
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
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