Fidelity European Trust Buys Back 370,000 Shares
Fidelity European Trust PLC announced it has repurchased 370,000 of its own shares on September 29, 2026. The average price paid per share was GBp 426.54.
Fidelity European Trust PLC has completed a transaction to buy back 370,000 of its own shares. The repurchase occurred on September 29, 2026, with the average price paid for each share amounting to GBp 426.54.
This buyback operation reflects the company's strategy regarding its share capital. The company holds these repurchased shares as treasury stock, which can be used for various corporate purposes in the future, such as funding employee share schemes or potential acquisitions.
The announcement corrects a previous disclosure made on the same date, which contained an inaccurate figure for the average share price. The corrected average price per share is GBp 426.54.
Fidelity European Trust PLC is an investment trust focused on European equities. Such share repurchases are common for investment trusts looking to manage their share count and potentially enhance shareholder value by reducing the number of outstanding shares.