Alpha Group International plc (LSE:ALPH) commences share repurchases on June 28, 2024, under the program mandated by the shareholders in the Annual General Meeting held on May 1, 2024. As per the mandate, the company is authorized to repurchase up to 4,315,401 shares, representing 10% of its issued share capital. The minimum price which may be paid for such ordinary Shares is £0.002 per share.

The maximum price which may be paid for an ordinary share is an amount equal to 105% of the average of the closing middle market price for the ordinary shares taken from the London Stock Exchange plc Daily Official List for five business days immediately preceding the day on which that Share is contracted to be purchased and an amount equal to the higher of the price of the last independent trade and the highest current independent bid on the trading venues where the purchase is carried out at the relevant time. The repurchased shares will be held in treasury and will be either be sold for cash, or used to meet the company?s obligations under employee share schemes, or cancelled. The authorization shall expire earlier of the date of the AGM to be held in 2025, or 15 months from the date of passing this resolution.

As of April 4, 2024, the company had 43,154,011 issued and outstanding ordinary shares.