The company has the power to buy back up to 8.1 million shares, worth about GBP38.6 million at the current share price, and the board will ask for this to be renewed at the next annual general meeting.
abrdn Private Equity Opportunities says it will continue paying a quarterly dividend as well, which it aims to maintain in line with inflation.
Current stock price: 477.02 pence, up 1.3% in London on Thursday.
Source: London South East