The AGM will happen on 24 April and, among the many 17 resolutions, abrdn put ahead a particular decision concerning share buybacks.
abrdn shutters American Revenue Fairness fund resulting from largest investor withdrawal
If authorized, the corporate may have the flexibility to repurchase as much as 5% of its issued odd shares – price over £12.8m, which equates to simply over 92 million shares, as of 29 February 2024.
The authorisation would final for both 15 months or till the next AGM, whichever is earlier.
Within the information, abrdn said: “The administrators are dedicated to managing the corporate’s s…