Aberdeen Japan Investment Trust PLC(LSE:AJIT) commences share repurchases on January 9, 2023, under the program mandated by the shareholders in its Annual General Meeting on July 1, 2022. As per the mandate, the company is authorized to repurchase up to 1,882,731 ordinary shares, representing 14.99% of its issued share capital. The minimum price which may be paid for an ordinary share shall be 10p.

The maximum price which may be paid for an ordinary share shall be the higher of either 5% above the average of the market values of the ordinary shares (as derived from the Daily Official List of the London Stock Exchange) for the ordinary shares for the five business days immediately preceding the date of purchase or the higher of the price of the last independent trade in ordinary shares and the highest current independent bid for ordinary shares on the London Stock Exchange. The repurchased shares will be cancelled or held in treasury. The program will be valid till the next Annual General Meeting to be held in 2023 or till September 30, 2023.

As of May 27, 2022, the company had 15,821,572 shares in issue 3,261,662 shares in treasury.