Henderson European Focus Trust plc (LSE:HEFT) commences share repurchases on June 19, 2024, under the program mandated by the shareholders in the Annual General Meeting held on June 19, 2024. Under the plan, the company will repurchase up to 16,173,407 shares. The minimum price (exclusive of expenses) that may be paid for a share of common stock is $1.50 par value per share.

The maximum price which may be paid for one ordinary share shall be an amount equal to the highest of either 105% of the average of the middle market quotations for an ordinary share as derived from the Stock Exchange Daily Official List for the five business days immediately preceding the date on which the ordinary share is purchased or the price of the last independent trade or the highest current independent bid. The repurchased shares will be held in treasury or cancelled. Unless previously renewed, varied or revoked, the authority shall expire at the conclusion of the next Annual General Meeting of the company or November 1, 2025.