Alliance Trust PLC (LSE:ATST) commences a share repurchases on April 22, 2022, under the program mandated by the shareholders in the Annual General Meeting held on April 21, 2022. As per the mandate, the company is authorized to repurchase up to 45,835,999 ordinary shares, representing 14.99% of its issued share capital. The minimum price which may be paid for each ordinary share is 2.5 pence per share and the maximum price which may be paid for each ordinary share is the higher of 105% of the average market value of an ordinary share in the company for the 5 business days prior to the day the purchase is made, and the value of an ordinary share calculated on the basis of the higher of the price quoted for the last independent trade of and the highest current independent bid for any number of the company's ordinary shares on the trading venue where the purchase is carried out.

The shares repurchased shall either be cancelled or sold. The authority shall expire on the date occurring 15 months after the passing of the resolution or, if earlier, at the conclusion of the company's next Annual General Meeting in 2023.