Digilife Technologies Limited commences an Equity Buyback for 1,351,980 shares, representing 10% of its issued share capital, under the authorization approved on December 20, 2022.

Digilife Technologies Limited (Catalist:BAI) commences share repurchases on January 12, 2023, under the program mandated by the shareholders in the Annual General Meeting held on December 20, 2022. As per the mandate, the company is authorized to repurchase up to 1,351,980 shares, representing 10% of its issued share capital. The shares will be repurchased at a maximum purchase price of 105% of the average closing price in case of market purchase and 120% of the average closing price in case of off-market purchase.

The shares repurchased will be cancelled immediately on purchase or acquisition. The program will be funded out of internal sources of funds or external borrowings or a combination of both and the funds. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual general Meeting is required to be held or the date on which the authority is carried out to the full extent, unless varied or revoked in a General Meeting.