Fidelity Asian Values plc (FAS), the London-listed investment trust focused on Asian equity markets, has announced the repurchase of 31,980 ordinary shares into Treasury on 6 November 2026. The shares were acquired at an average price of 555.470p, with prices ranging between 555.000p and 558.000p per share. Following the transaction, the company's total voting rights stand at 62,414,951, a figure shareholders may use as the denominator when calculating disclosure obligations under FCA Transparency Rules. Buyback activity of this kind is typically used by investment trusts to manage discount to net asset value, making this update relevant to income and growth investors tracking the trust.

Key Points

  • Fidelity Asian Values plc (FAS), managed by FIL Investments International
  • 31,980 shares repurchased into Treasury on 6 November 2026 at an average price of 555.470p per share
  • Total shares held in Treasury now stand at 8,892,872; issued share capital remains 71,307,823
  • Investors should watch for further buyback announcements and any movement in the trust's discount to net asset value

FAS Repurchases 31,980 Shares at Prices Between 555p and 558p on 6 November 2026

The board of Fidelity Asian Values plc confirmed it purchased 31,980 shares into Treasury on 6 November 2026. The average price paid was 555.470p per share, with the lowest price recorded at 555.000p and the highest at 558.000p. The transaction was conducted on behalf of the company by FIL Investments International, whose representative George Bayer signed the announcement as Company Secretary. The relatively tight price range across the session suggests the repurchase was executed in an orderly manner within a narrow intraday trading band, though no further detail on execution methodology was provided in the announcement.

Treasury Holdings Rise to 8,892,872 Shares Following the November Transaction

After completing this buyback, Fidelity Asian Values holds 8,892,872 shares in Treasury in total. These Treasury shares carry no voting rights, as the announcement explicitly notes. The company's total issued share capital stands at 71,307,823 shares, while the effective total voting rights figure — relevant for shareholder disclosure calculations under the FCA's Disclosure Guidance and Transparency Rules — is 62,414,951. Shareholders are directed to use this voting rights figure as the denominator when assessing whether they are required to notify a change in their interest in the company under applicable regulatory obligations.

How Fidelity Asian Values Uses Buybacks as a Discount-Management Tool

Fidelity Asian Values plc is a closed-ended investment trust that seeks long-term capital growth through exposure to smaller Asian companies, operating across markets including China, India, South Korea, and other regional economies. Investment trusts commonly repurchase shares into Treasury when their market price trades at a discount to net asset value, with the aim of narrowing that gap and enhancing value for continuing shareholders. The company did not disclose the trust's current net asset value or discount level in this announcement. Investors monitoring the trust's discount trajectory may treat ongoing buyback activity as a signal of the board's continued commitment to discount management.