Holders Technology plc (AIM:HDT) announces a share repurchase program. Under the program, the company will repurchase up to 2,256,765 shares, representing 53.43% of its issued capital. The shares will be repurchased at a price of 43 pence per ordinary share.

The company will fund the offer from its existing cash resources. The offer is conditional on the passing of the tender offer resolution at the General Meeting to be held on December 15, 2023, by the requisite majority. The company has set December 20, 2023, as the record date for the offer.

The offer will close on December 20, 2023. As of November 28, 2023, the company had 4,224,164 shares in issue.