Hydrogen Group Plc commences an Equity Buyback Plan for 3,422,792 shares, representing 10% of its issued share capital, under the authorization approved on May 23, 2019.

Hydrogen Group Plc (AIM:HYDG) commences share repurchases on September 3, 2019, under the program mandated by the shareholders in the Annual General Meeting held on May 23, 2019. As per the mandate, the company is authorized to repurchase up to 3,422,792 shares, representing 10% of its issued share capital. The maximum price which may be paid for an ordinary share is an amount equal to 5% above the average price of the middle market quotations for 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 and an amount equal to the higher of the price of the last independent trade and the highest current independent bid on the trading venues where the purchase is carried out at the relevant time. The minimum price which may be paid for an ordinary share is 1 pence. Unless previously renewed or revoked, the program will be valid till the next Annual General Meeting in 2020, or 18 months from the passing of this resolution, whichever is earlier. As at April 29, 2019, the company had 34,227,927 shares in issue and 385,000 shares held in treasury.