Gattaca plc commences an Equity Buyback for 3,229,042 shares, representing 10% of its issued share capital, under the authorization approved on December 6, 2022.
April 13, 2023
Share
Gattaca plc (AIM:GATC) commences share repurchases on April 13, 2023, under the program mandated by the shareholders in the Annual General Meeting held on December 6, 2022. As per the mandate, the company is authorized to repurchase up to 3,229,042 shares, representing 10% of its issued share capital. The minimum price (exclusive of expenses) which may be paid for each ordinary share is the nominal value and the maximum price which may be paid for each ordinary share is the higher an amount equal to 105% of the average of the middle market quotations for an ordinary share as derived from the London Stock Exchange Daily Official List of the UK Listing Authority for the five business days immediately preceding the day on which the ordinary share is contracted to be purchased and an amount equal to the higher of the price of the last independent trade of an ordinary share and the current highest independent bid for an ordinary share as derived from the London Stock Exchange Trading System. The shares purchased may either be cancelled or held as treasury shares, which may then be cancelled, sold for cash, or used to meet the company's obligations under its employee share schemes. The authority shall expire at the conclusion of the next Annual General Meeting of the company. As at November 7, 2022, the Company's ordinary issued share capital consists of 32,290,422 ordinary shares.
On April 3, 2023, the company announced a share repurchase program. Under the program, the company will repurchase up to £0.5 million to shareholders.
Gattaca plc is a human capital resources business, which provides contract and permanent recruitment services in the private and public sectors. Its segments include Mobility, Energy, Defence, Technology, Media and Telecoms, Infrastructure, Gattaca Projects, International and Other. It offers a range of recruitment solutions, such as workforce solutions, technical recruitment services, engineering and technology services, employer branding services, workforce insights, events, and resources, and IR35 solutions. Its workforce solutions create flexible, permanent and total workforce solutions, tailored to the engineering and technology markets. It also provides a range of engineering and technology services to support clientsâ needs, from engineering design services to analysis. It serves various markets, such as aerospace, automotive, defense, and banking and financial services. Gattaca Projects solves complex technical and operational challenges through tangible outcome-based services.
Gattaca plc commences an Equity Buyback for 3,229,042 shares, representing 10% of its issued share capital, under the authorization approved on December 6, 2022.