The shareholders of Scottish Oriental Smaller Companies Trust plc (LSE:SST) authorized a share repurchase program at its Annual General Meeting on January 24, 2013. Under the program, Scottish Oriental Smaller Companies Trust will repurchase up to 4,532,047 shares, representing 14.99% of its issued capital. The minimum price which may be paid per ordinary share will be £0.25.

The maximum price which may be paid for any ordinary share will not be more than the higher of 5% above the average of the middle market quotations (as derived from the daily official list of the London Stock Exchange) for the ordinary shares over the five business days immediately preceding the date of repurchase and the higher of the last independent trade and the highest current independent bid on the London Stock Exchange. The share repurchase program will expire at the conclusion of the next Annual General Meeting or after 18 months, whichever is earlier, unless previously renewed, varied or revoked by the company in a general meeting.