Keystone Positive Change Investment Trust plc commences an Equity Buyback Plan for 9,266,163 shares, representing 14.99% of its issued share capital, under the authorization approved on February 8, 2023.

Keystone Positive Change Investment Trust plc (LSE:KPC) commences share repurchases on November 28, 2023, under the program mandated by the shareholders in the Annual General Meeting held on February 8, 2023. As per the mandate, the company is authorized to repurchase up to 9,266,163 shares, representing 14.99% of its issued share capital. The minimum price which may be paid for each ordinary share will be its nominal value.

The maximum price which may be paid for an ordinary share must not be more than the higher of 5% above the average of the mid-market values of the shares for the five business days before the purchase is made and the higher of the price of the last independent trade in the shares and the highest then current independent bid for the shares on the London Stock Exchange. The repurchased shares will be held in treasury. Unless varied or revoked, the authority shall expire at the conclusion of the next Annual General Meeting.

As of November 25, 2022, the company had 61,815,632 shares in issue.