abrdn UK Smaller Companies Growth Trust plc (LSE:AUSC) commences share repurchases on October 22, 2021, under the program mandated by the shareholders in the Annual General Meeting held on October 21, 2021. As per the mandate, the company is authorized to repurchase up to 14.99% of its issued share capital. The minimum price which may be paid shall be ?0.25 per share and the maximum price which may be paid for each ordinary share will be the higher of 105% of the average of the middle market quotations (as derived from the Daily Official List of the London Stock Exchange) for the shares over the five business days immediately preceding the date of purchase and the higher of the last independent trade and the highest current independent bid on the trading venue which the purchase is carried out. The program will expire after 15 months or at the conclusion of the next Annual General Meeting in 2021, whichever is earlier unless previously revoked, varied, extended or renewed by the company in a general meeting. As of June 30, 2021, the company had 98,682,566 shares in issue and had 5,481,856 shares in treasury.