Aberdeen Latin American Income Fund Limited commences an Equity Buyback Plan for 14.99% of its issued share capital, under the authorization approved on December 13, 2018.

Aberdeen Latin American Income Fund (LSE:ALAI) commence share repurchases on January 15, 2019, under the program mandated by the shareholders in the Annual General Meeting on held on December 13, 2018. As per the mandate, the company is authorized to repurchase up to 14.99% of its issued share capital. The minimum price which may be paid for each ordinary share and subscription share will not be less than 1p, the nominal value of each ordinary share and subscription share. The maximum price which may be paid for each ordinary share and subscription share shall not be more than the higher of an amount equal to 105 per cent. of the average of the middle market quotations for a subscription share taken from the Official List for the 5 business days immediately preceding the day on which the share is purchased and the higher of the last independent trade and the current highest independent bid on the trading venue where the purchase is carried out. The company is generally and unconditionally authorized to make market purchases as defined in Section 693(4) of the Companies Act 2006. This program will expire after 18 months or at the conclusion of the next Annual General Meeting, whichever is earlier. As on August 31, 2018, the company had 60,175,324 shares in issued and 65,936 shares in treasury.