Croma Security Solutions Group plc commences an Equity Buyback Plan for 1,490,214 shares, representing 9.99% of its issued share capital, under the authorization approved on December 6, 2022.

Croma Security Solutions Group plc (AIM:CSSG) commences share repurchases on August 3, 2023, under the program mandated by the shareholders in the Annual General Meeting held on December 6, 2022. As per the mandate, the company is authorized to repurchase up to 1,490,214 shares, representing 9.99% of its outstanding share capital. The minimum price which may be paid for each ordinary share is £0.05 and the maximum price which may be paid for each ordinary share is the higher of an amount equal to 105% of the average of the middle market quotations for the Ordinary Shares taken from the listing of the AIM market of London Stock Exchange plc over the five business days immediately preceding the day on which the Ordinary Shares are contracted to be purchased.

The authorization is valid till the end of the next Annual General Meeting in 2023 or December 31, 2023, if earlier, unless previously unless renewed, revoked or varied. As of November 10, 2022, the company had 15,898,656 ordinary shares in issue including 996,514 shares in treasury.