Baillie Gifford European Growth Trust plc (LSE:BGEU) commences share repurchases on January 19, 2024, under the program mandated by the shareholders in the Annual General Meeting held on January 18, 2024. As per the mandate, the company is authorized to repurchase up to 53,662,686 shares, representing 14.99% of its issued capital. The minimum price which may be paid per ordinary share will be the nominal value of that share.

The maximum price which may be paid for any ordinary share will not be more than the higher of 5% above the average of the middle market quotations (as derived from the daily official list of the London Stock Exchange) for the ordinary shares over the five business days immediately preceding the date of repurchase and the higher of the last independent trade and the highest current independent bid on the London Stock Exchange. The repurchased shares will either be cancelled or held in treasury for future reissue, resale, or transfer. The share repurchase program will expire at the conclusion of the next Annual General Meeting in 2025, unless previously renewed, varied or revoked by the company in a General Meeting.

As of November 15, 2023, the company had 357,989,898 issued and outstanding shares and had 44,453,792 shares in treasury.