Town Centre Securities PLC (LSE:TOWN) announces a share repurchase program. Under the offer, the company will repurchase up to 7,500,000 shares, representing 15.5% of its issued share capital for a total of £10.88 million. The shares will be repurchased at a price of £1.45 per share.

The repurchased shares will be cancelled. The company has fixed December 1, 2023, as the record date for the offer. The offer is subject to shareholder approval to be obtained at the General Meeting of the company which will be held on December 1, 2023.

The offer will expire on December 1, 2023.