Fidelity Asian Values PLC (LSE : FAS) commences an Equity Buyback Plan for 10,969,513 shares, representing 14.99% of its issued share capital, under the authorization approved on December 3, 2021.

Fidelity Asian Values PLC (LSE : FAS) commences share repurchase on March 25, 2022, under the program mandated by the shareholders in the Annual General Meeting held on December 3, 2021. As per the mandate, the company is authorized to repurchase up to 10,969,513 shares, representing 14.99% of its issued share capital. The minimum price that may be paid for an ordinary share will be 25 pence.

The maximum price that may be paid for each share will be higher of 5% above the average of the middle market quotations for the shares as derived from the London Stock Exchange Official List for the five business days preceding the date of purchase; and the higher of the price of the last independent trade and the highest current independent purchase bid on the London Stock Exchange at the time the purchase is carried out. The authority hereby conferred shall expire at the conclusion of the next AGM of the Company unless such authority is renewed prior to such time. As of July 31, 2021, the company had 73,178,879 shares in issue.