M.P. Evans Group PLC commences an Equity Buyback Plan for 5,401,372 shares, representing 10% of its issued share capital, under the authorization approved on June 9, 2023.

M.P. Evans Group plc (AIM:MPE) commences share repurchases on June 14, 2023, under the program mandated by the shareholders in the Annual General Meeting held on June 9, 2023. As per the mandate, the company is authorized to repurchase up to 5,401,372 shares, representing 10% of its share capital. The minimum price which may be paid for each ordinary share is 10p and the maximum price which may be paid for each ordinary share shall be equal to the amount 105% of the average middle market quotations 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 of repurchase.

The plan will be valid till the next Annual General Meeting of the company or June 30, 2024, whichever is earlier. As of March 21, 2023, the company had 54,013,727 shares in issue.