Fidelity European Trust repurchases 55,000 shares
Fidelity European Trust PLC has acquired 55,000 of its own shares to hold in treasury, following board authorization.
Fidelity European Trust PLC executed a repurchase of 55,000 of its own ordinary shares on November 4, 2026. The transaction was conducted with share prices ranging between 417.50 GBp and 418.00 GBp, resulting in an average purchase price of 417.95 GBp.
These shares will be held in treasury, a common mechanism used by investment trusts to manage share price volatility and support the discount-to-NAV (Net Asset Value) profile. By reducing the number of shares in circulation, the company aims to optimize capital structure for existing shareholders.
The board continues to monitor market conditions to determine future buyback activity. The move is part of the company's established capital management strategy to maintain alignment between market price and underlying asset value.