Fidelity China Special Situations Buys Back 137,000 Shares
Fidelity China Special Situations PLC announced on September 9, 2026, that it repurchased 137,000 of its own shares for cancellation. The average price paid was 251.000 pence per share.
Fidelity China Special Situations PLC has completed a share buyback program, repurchasing 137,000 of its own shares on September 9, 2026. The shares were bought for cancellation, reducing the total number of outstanding shares.
The company stated that the average price paid for these shares was 251.000 pence. The lowest and highest prices paid during the transaction were also 251.000 pence, indicating a single price point for all repurchased shares.
This move by the company's board suggests a strategy to potentially increase shareholder value by reducing the supply of shares in the market. Such actions can sometimes lead to an increase in earnings per share, assuming profitability remains constant.
Further details regarding the total number of shares remaining in issue following this transaction were not immediately available in the announcement. The company has not provided further context on the reasons behind this specific repurchase.