Minds + Machines Group Limited (AIM:MMX) announces a share repurchase program. Under the program, the company will repurchase up to 182,692,308 shares, representing 67.3% of its issued shares, at a price of £0.10 per share for £19 million. The purpose of the program is to utilize the remaining available capital after the sale of the majority of the company's assets.

The company will fund the program entirely from its own resources. The repurchased shares will be cancelled subject to approval by shareholders. The company has fixed January 28, 2022, as record date.

If the offer is oversubscribed, the company will prorate the number of shares accepted for payment. The offer will expire on January 28, 2022. As of January 14, 2022, the company has 271,316,341 shares in issue.