Fidelity Asian Values PLC (FAS), the London-listed investment trust focused on Asian equity markets, has announced the repurchase of 30,000 ordinary shares into Treasury following a transaction dated 10 November 2026. The shares were acquired at an average price of 560.53p, with prices ranging from a low of 557.60p to a high of 562.00p per share. Following the buyback, the company's total voting rights stand at 62,384,951, a figure shareholders may use as the denominator for FCA disclosure calculations. The transaction reduces the number of shares carrying voting rights and forms part of the company's ongoing capital management activity.

Key Points

  • Fidelity Asian Values PLC (FAS) — London-listed closed-end investment trust managed by FIL Investments International
  • The company repurchased 30,000 ordinary shares into Treasury on 10 November 2026
  • Average price paid was 560.53p per share; price range was 557.60p to 562.00p
  • Investors should watch for further buyback announcements and any movement in the discount to net asset value

FAS Buyback on 10 November 2026: Price Range and Transaction Detail

The board of Fidelity Asian Values PLC confirmed the repurchase of 30,000 shares into Treasury on 10 November 2026. The average price paid across the transaction was 560.530p per share, with the lowest price paid recorded at 557.600p and the highest at 562.000p. The announcement was made on behalf of the company by Anthony Lee, acting as Company Secretary for and on behalf of FIL Investments International, the investment management arm responsible for administering the trust. The company did not disclose the aggregate transaction cost in the announcement.

Fidelity Asian Values Share Capital and Treasury Position After Repurchase

Following completion of the buyback, Fidelity Asian Values PLC reports an issued share capital of 71,307,823 shares in total. Of these, 8,922,872 shares are now held in Treasury, meaning they carry no voting rights under the company's capital structure. The resulting total voting rights figure is 62,384,951. The announcement notes that this voting rights figure serves as the denominator shareholders should use when determining whether they are required to disclose interests or changes in interests under the FCA's Disclosure Guidance and Transparency Rules.

Role of FIL Investments International in Managing the Asian Values Trust

Fidelity Asian Values PLC is a closed-end investment trust that seeks long-term capital growth through investment primarily in equities across the Asian region, excluding Japan. The trust is managed by FIL Investments International, part of the wider Fidelity International group. Buyback activity of this nature is a common tool used by investment trusts to manage the discount between share price and net asset value, though the announcement does not explicitly state the discount management rationale for this specific transaction. Investors may be watching whether further repurchases follow in the near term.

FCA Disclosure Implications for Fidelity Asian Values Shareholders

As noted in the announcement, the updated total voting rights figure of 62,384,951 is the relevant denominator for shareholders calculating their proportional interests under FCA Disclosure Guidance and Transparency Rules. Shares held in Treasury by the company attract no voting rights, which is standard practice for UK-listed entities conducting buybacks into Treasury. Shareholders whose holdings are close to notification thresholds may need to reassess their positions following this change to the voting rights denominator. The company secretary contact for further queries is Anthony Lee, reachable through FIL Investments International.