Baillie Gifford UK Growth Trust plc commences an Equity Buyback Plan for 23,008,973 shares, representing 14.99% of its issued share capital, under the authorization approved on August 5, 2021.

Baillie Gifford UK Growth Trust plc (LSE:BGUK) commences share repurchases on May 5, 2022, under the program mandated by the shareholders in the Annual General Meeting held on August 5, 2021. As per the mandate, the company is authorized to repurchase up to 23,008,973 shares, representing 14.99% of its issued share capital. The maximum price which may be paid for an ordinary share is an amount equal to 5% of the average closing price on the London Stock Exchange of the ordinary shares for five business days immediately preceding the day on which that share is contracted to be purchased and an amount equal to the higher of the price of the last independent trade and the highest current independent bid on the London Stock Exchange.

The minimum price which may be paid for an ordinary share is 25 p. The repurchased shares will be held in treasury. The program will be valid till the next Annual General Meeting in 2022. As at June 7, 2021, the company had 153,495,484 issued and outstanding shares.