The European Smaller Companies Trust PLC commences an Equity Buyback Plan for 60,008,146 shares, representing 14.99% of its issued share capital, under the authorization approved on November 27, 2023.

The European Smaller Companies Trust PLC (LSE:ESCT) commences share repurchases on March 26, 2024, under the program mandated by the shareholders in the Annual General Meeting held on November 27, 2023. Under the plan, the company will repurchase up to 60,008,146 shares, representing 14.99% of its issued share capital.The maximum amount is equal to 105% of the average of the closing middle market quotations for an ordinary share (as derived from the London Stock Exchange Daily Official List) for the five Business Days immediately preceding the day on which that ordinary share is contracted to be purchased; and the higher of the price of the last independent trade and the highest current independent bid on the London Stock Exchange at the time the purchase is carried out.The minimum price to be paid will be 1.5625p per ordinary share. This program will expire at the conclusion of the next Annual General Meeting or valid for 15 months from the date of passing resolution.

As of November 27, 2023, the company had 400,321,188 ordinary shares in issue.