Aberdeen Frontier Markets Investment Company Limited announces a share repurchase program. Under the offer, the company will repurchase up to 100% of its issued share capital excluding treasury. The shares repurchased under the offer will be held in treasury or cancelled. The tender offer is not conditional on ordinary shares trading at a discount to the net asset value per ordinary share as at the calculation date. The record date for the offer is March 2, 2017. The offer is subject to shareholders’ approval to be obtained in the Extraordinary General Meeting to be held on March 14, 2017. On 14 March 2017 the company received valid tender acceptances of 97,307,392 ordinary shares. The company bought 13,750,000 of such tendered ordinary shares ('On-sale Shares') at the Investment Price of 72.5748 pence per ordinary share and therefore the number of Exit Shares which have been repurchased for cancellation by the company was 83,557,392. On January 26, 2018, the company announced that it has fixed tender price as £0.71 per share. Numis Securities Limited acted as the broker to the company.