abrdn Private Equity Opportunities (APEO) has launched a share buyback programme, as the board ramps up efforts to narrow the trust’s persistent discount.
In a stock exchange notice today (25 January), the directors said the programme will be funded by using a portion of the €34.6m of proceeds realised from the most recent sale of APEO's direct co-investment in Action. The trust has the power to buy back up to 8,056,569 shares, in accordance with shareholder approval at the annual general meeting in March 2023. As the share buyback authority expires in March, a similar authority will be requested at the upcoming AGM. abrdn to sell European private equity business for £100m The board noted that, like many of its peers, APEO's share ...
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