Falkland Islands Holdings plc (AIM:FKL) announces a share repurchase program. Under the program, the company will repurchase the fractional entitlements of small shareholders to a consolidated share equaling 297.505 shares at a price of £2.3195 per share. The price payable by the company for the fractional entitlements is to be calculated on the basis of a consolidated share having a value equal to one thousand times the value equal to 105% of the average mid-market price of an ordinary share for the five business days ending on the January 12, 2016.

Shares repurchased will be held in treasury or sold at an appropriate time. The buyback will benefit the small shareholders who may have considered selling their ordinary shares but decided not to do so due to the disproportionate dealing and administration costs relating to such a sale.