SEC Newgate S.p.A. (AIM:SECN) announces a share repurchase program. Under the program, the company will repurchase up to 9,168,882 shares. The shares will be repurchased at a price of €1.11 pence per share. The program will be funded through the issuance of a bond of €12.5 million. The program is subject to General Meeting approval. The program will be valid for a period of 90 days from the commencement date.

On February 17, 2022, the company initiated a Market Repurchase. Under the program, the buyback will take place under two stages. In the buyback period before delisting, the company has irrevocably instructed Arden Partners, the company's broker, to make on-market purchases of the company's ordinary shares up to an aggregate maximum of 5,790,567 ordinary shares. The program will end on March 2, 2022. In the buyback period following delisting, the company has appointed Asset Match to operate an electronic off-market dealing facility for SEC's ordinary shares. Any ordinary shares acquired by the company pursuant to the buyback shall either be cancelled or retained in treasury and eventually disposed of in accordance with the resolution. The program will end on May 18, 2022.