abrdn has begun a £150m share buyback programme, working with JP Morgan Securities.
Today (5 June), abrdn entered into a non-discretionary instruction with JPMS, which it said will be acting as riskless principal. The asset manager signalled its intention to make the move last week after selling shares in Indian insurance firm HDFC Life Insurance. abrdn Latin American Income board puts forward wind-up proposals The programme will see up to 300,083,639 ordinary shares being bought back, ending no later than 5 September. abrdn said this would be to reduce its share capital, with all shares purchased to be cancelled. abrdn's share price is up 3.5% today to 21...
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