Northern Venture Trust PLC (LSE:NVT) commences share repurchases on February 25, 2022, under the program mandated by the shareholders in the Annual General Meeting held on January 7, 2022. As per the mandate, the company is authorized to repurchase up to 16,220,530 shares, representing 10% of its issued share capital. The shares will be repurchased at a minimum price per share of 25p and a maximum price per share of not more than 105% of the average market value of the relevant shares for the five business days prior to the date on which the purchase is made.

The shares repurchased will be paid in cash available from company's own resources or short-term borrowings. The repurchased shares will be held in treasury for further cancellation or sale. The share repurchase program is valid till conclusion of the next Annual General Meeting of the company expected to be held in January 2023 or, if earlier, April 30, 2023, unless previously renewed, varied or revoked.

As of December 14, 2021, the company had 160,370,303 shares in issue.