JPMorgan Elect PLC commences share repurchases on December 18, 2015 under the program mandated by the shareholders in the Annual General Meeting held on December 11, 2015. As per the mandate, the company is authorized to repurchase up to Managed Growth shares, Managed Income shares and Managed Cash shares up to a maximum number of 5,271,554, 7,773,759 or 569,676 respectively, representing 14.99% of the issued share capita. The shares will be repurchased on market. The minimum price which may be paid per ordinary share will be £0.25. The maximum price which may be paid for any ordinary share shall be equal to the amount 105% of the average of the closing price of the company's ordinary shares as derived from the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which such share is contracted to be purchased. The program will expire at the conclusion of the next Annual General Meeting of the company or on June 17, 2017, whichever is earlier, unless previously renewed, varied or revoked by the company in a general meeting.

On September 20, 2016, the company entered into a closed period, which will remain in place until the Company releases its annual financial results for the year ended 31 August 2016.