Schroder Oriental Income Fund Limited commences an Equity Buyback Plan for 37,620,856 shares, representing 14.99% of its issued share capital, under the authorization approved on December 4, 2023.

Schroder Oriental Income Fund Limited (LSE:SOI) commences share repurchases on December 7, 2023, under the program mandated by the shareholders in the Annual General Meeting held on December 4, 2023. As per the mandate, the company is authorised to repurchase up to 37,620,856 shares, representing 14.99% of its issued capital. The minimum price which may be paid per ordinary share will be £0.01.

The maximum price which may be paid for any ordinary share will be equal to the amount 105% of the average of the closing price of the company's ordinary shares as derived from the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which such share is contracted to be purchased. Any Shares so purchased will be held in treasury or cancelled. The share repurchase program will expire at the conclusion of the next Annual General Meeting in 2024, unless previously renewed, varied or revoked by the company in a general meeting.

As of November 7, 2023, the company has 250,973,024 ordinary shares in issue and 20,260,000 shares were held in treasury.