Schroder Investment Trust - Schroder AsiaPacific Fund plc (LSE:SDP) commences share repurchases on January 31, 2024, under the program mandated by the shareholders in the Annual General Meeting held on January 31, 2024. As per the mandate, the company is authorized to repurchase up to 23,004,509 shares, representing 14.99% of the issued share capital of the company. The minimum price which may be paid for a share is £0.1. The maximum price which may be paid for a share is an amount equal to the greater of 105% of the average of the middle market quotations for a share taken from the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which the share is purchased, and the higher of the price of the last independent trade in the shares of that class and the highest then current independent bid for the shares of that class on the London Stock Exchange.

The repurchased shares will be cancelled or held in treasury for potential reissue. The authority shall expire at the conclusion of the next Annual General Meeting of the company in 2025, unless renewed or revoked. As of December 5, 2023, the company had 153,465,716 shares in issue and no shares in treasury.