European Opportunities Trust plc (LSE: EOT) commences share repurchases on November 15, 2023, under the program mandated by the shareholders in the Annual General Meeting held on November 15, 2023. As per the mandate, the company is authorized to repurchase up to 14,500,000 ordinary shares, representing 14.98% of its issued share capital. The maximum price which may be paid for an ordinary share is an amount equal to 105% of the average middle market quotations for the ordinary shares taken from the London Stock Exchange plc Daily Official List for five business days immediately preceding the day on which that share is 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 1p per share. The share repurchased shall held as treasury shares for further resale or cancellation. The share repurchases will be funded from existing cash resources or loan facilities.

Unless previously varied, renewed or revoked, the authority being sought will expire at the conclusion of the Annal General Meeting to be held in 2024. As at September 18, 2023, the company had 96,787,391 outstanding shares and had 16,087,940 shares in treasury.