Andrews Sykes Group plc (AIM:ASY) commences share repurchases on June 22, 2023, under the program mandated by the shareholders in the Annual General Meeting held on June 14, 2023. As per the mandate, the company is authorized to repurchase up to 5,267,048 shares, representing 12.5% of its issued share capital. The maximum price which may be paid for an ordinary share is an amount equal to the higher of 5% above the average of the market values of the ordinary shares taken from AIM appendix to the Daily Official List of the London Stock Exchange for five business days immediately preceding the day on which that share is contracted to be purchased and the higher of the price of the last independent trade and the highest current independent bid on the trading venue where the purchase is carried out at the relevant time.

The minimum price which may be paid for an ordinary share is the nominal value of the shares. The repurchased shares will be cancelled. The authority shall expire at the end of the Annual General Meeting of the company to be held in 2024 or, if sooner, the date being 15 months after the passing of this resolution.

As of May 2, 2023, the company had 42,136,389 issued shares and had no shares in treasury.