Schroder Japan Growth Fund plc (LSE:SJG) commences share repurchases on December 8, 2023, under the program mandated by the shareholders in the Annual General Meeting held on December 5, 2023. As per the mandate, the company is authorized to repurchase up to 17,917,392 shares, representing 14.68% of its issued share capital. The minimum price (exclusive of expenses) which may be paid for each ordinary share is £0.1 and the maximum price which may be paid for each ordinary share is the higher an amount equal to 105% of the average of the middle market quotations for an ordinary share as derived from the London Stock Exchange Daily Official List for the five business days immediately preceding the date of purchase and an amount equal to the higher of the price of the last independent trade of an ordinary share and the current highest independent bid on the London Stock Exchange.

The shares purchased will be cancelled or held in treasury. The authority shall expire at the conclusion of the next Annual General Meeting of the company in 2024, unless previously renewed, varied or revoked by the company prior to such date. As of December 5, 2023, the company had 122,085,562 issued shares.