Chrysalis VCT PLC commences an Equity Buyback Plan for 4,242,332 shares, representing 14.9% of its issued capital under the authorization approved on February 13, 2020.

Chrysalis VCT PLC (LSE:CYS) commences share repurchases on August 21, 2020 under the program mandated by the shareholders in the Annual General Meeting held on February 13, 2020. As per the mandate, the company is authorized to repurchase up to. Under the program, the company will repurchase up to 4,242,332 ordinary shares, representing 14.9% of its issued capital. The minimum price which may be paid is £0.01 per share. The maximum price which may be paid for an ordinary share is an amount equal to 105% of the average of the middle market quotations of the ordinary shares as derived from the Daily Official List of the London Stock Exchange, for each of the 5 business days immediately preceding the day on which the ordinary share is contracted to be purchased. The authority shall expire at the earliest of the conclusion of the next Annual General Meeting, or on the expiry of 15 months from the passing of the resolution, whichever is earlier. As of October 31, 2019, the company had 28,472,025 shares in issue.