Andrews Sykes Group plc commences an Equity Buyback for 5,271,794 shares, representing 12.5% of its issued share capital, under the authorization approved on June 14, 2022.

Andrews Sykes Group plc (AIM:ASY) commences share repurchases on November 30, 2022, under the program mandated by the shareholders in the Annual General Meeting held on June 14, 2022. As per the mandate, the company is authorized to repurchase up to 5,271,794 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 105% of the average of the market values of the ordinary shares taken from the London Stock Exchange Daily Official List for five business days immediately preceding the day on which that share is contracted to be purchased.

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 2023 or, if sooner, the date being 15 months after the passing of this resolution.

As of May 4, 2022, the company had 42,174,359 issued shares and had no shares in treasury.