Fidelity China Special Situations PLC Buys Back Own Shares

Fidelity China Special Situations PLC (the Company) announced on October 14, 2024, that it has completed the repurchase of 215,492 of its own ordinary shares. The shares will be cancelled, and the transaction was executed at an average price of 239.000 pence per share.

This share buyback is part of the Company's ongoing strategy to manage its capital structure effectively. The Board of Directors authorized the repurchase as a measure to enhance shareholder value and potentially improve earnings per share.

The Company had previously disclosed its intention to consider purchasing its own shares for cancellation. This action aligns with its objective to optimize its capital allocation and return capital to its shareholders.

Following this transaction, the total number of issued shares in Fidelity China Special Situations PLC will be reduced. The company has not yet provided details on the revised total number of shares outstanding or its future capital deployment plans.