Murray International Trust PLC (LSE:MYI) commences share repurchases on September 8, 2022, under the program mandated by the shareholders in its Annual General Meeting on April 21, 2023. As per the mandate, the company is authorized to repurchase up to 18,739,433 ordinary shares, representing 14.99% of its issued share capital. The minimum price (exclusive of expenses) which may be paid for each ordinary share is £0.25 and the maximum price which may be paid for each ordinary share is the higher an amount equal to 105% of the average of the middle market quotations for an ordinary share as derived from the London Stock Exchange Daily Official List of the UK Listing Authority for the five business days immediately preceding the day on which the ordinary share is contracted to be purchased and an amount equal to the higher of the price of the last independent trade of an ordinary share and the current highest independent bid for an ordinary share as derived from the London Stock Exchange Trading System.

The program will be valid till the next Annual General Meeting or till June 30, 2024, whichever is earlier. As of March 2, 2023, the company had 125,012,893 ordinary shares in issue and 4,399,110 shares in treasury.