INVL Technology UTIB commences an Equity Buyback Plan for 10% of its issued share capital, under the authorization approved on April 30, 2024.

INVL Technology UTIB (NSEL:INC1L) commences a share repurchases on April 30, 2024, under the program mandated by the shareholders in the Ordinary General Meeting held on April 30, 2024. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital. The maximum per share acquisition price will be the last announced net asset value per share and the minimal per share acquisition price will be ?0.29 per share.

The program is aimed at discount reduction between the net asset value and the market share price of the company and the possibility to sell its shares to the shareholders. The program will be valid for a period of 18 months.