Ingenta plc commences an Equity Buyback Plan for 3,024,625 shares, representing 20% of its issued share capital, under the authorization approved on June 29, 2023.

Ingenta plc (AIM:ING) commences share repurchases on July 2, 2024, under the program mandated by the shareholders in the Annual General Meeting held on June 29, 2023. As per the mandate, the company is authorized to repurchase up to 3,024,625 ordinary shares, representing 20% of its issued share capital. The minimum price which may be paid by the company is £0.1 per ordinary share and the maximum price which may be paid by the company shall not be more than 105% of the average of the middle-market quotations for an ordinary share as derived from the Stock Exchange Alternative Trading Service for the 10 business days immediately preceding the date on which the ordinary shares are purchased.

The authority shall expire at the conclusion of the next Annual General Meeting or 15 months from the date of passing this resolution, whichever is earlier. As of May 24, 2023, the company had 15,123,125 ordinary shares in issue and 587,930 shares in treasury.