Aberdeen New Thai Investment Trust PLC (LSE:ANW) commences share repurchases on June 25, 2020, under the program mandated by the shareholders in the Annual General Meeting held on June 23, 2020. As per the mandate, the company is authorized to repurchase up to 2,500,000 shares, representing 14.99% of its issued ordinary share capital. The minimum price the company can pay for each share is the nominal value of that share. The maximum price the company can pay for each share is the higher of 5% above the average middle market price of a share for the 5 business days prior to the day the purchase is made and the higher of the price of the last independent trade and the highest current independent bid price taken from the London Stock Exchange Daily Official List at the time the company buys the shares. The authority shall expire at the conclusion of the Company’s Annual General Meeting held in 2021, or, if earlier, at the close of business on August 22, 2021.