Cardiff Property Plc (LSE:CDFF) commences share repurchases on May 11, 2022, under the program mandated by the shareholders in the Annual General Meeting held on January 17, 2022. As per the mandate, the company is authorized to repurchase up to 167,286 shares, representing 14.99% of its issued share capital. The minimum price which may be paid for such shares is £0.20 per share and the maximum price which may be paid for such shares shall not be greater than 5% above the average of the middle market quotations for an ordinary share of the company taken from the daily official of The London Stock Exchange on the ten business days immediately preceding the day on which the share is contracted to be purchased.

The repurchased shares will either be cancelled and the number of ordinary shares in issue reduced accordingly, or will be held in treasury. The share repurchase program shall expire at the earliest of the conclusion of the next Annual General Meeting, or in fifteen months, whichever is earlier. As of November 29, 2021, the company had 1,115,986 ordinary shares in issue.