Northern Venture Trust PLC (LSE:NVT) commences share repurchases on March 5, 2021, under the program mandated by the shareholders in the Annual General Meeting held on January 15, 2021. As per the mandate, the company is authorized to repurchase up to 15,961,999 shares, representing 10% of its issued share capital. The shares will be repurchased at a minimum price per share of 25p and a maximum price per share of not more than 105% of the average market value of the relevant shares for the five business days prior to the date on which the purchase is made.

The shares repurchased will be paid in cash available from company's own resources or short-term borrowings. The repurchased shares will be held in treasury for further cancellation or sale. The share repurchase program is valid till conclusion of the next Annual General Meeting of the company expected to be held in January 2022 or, if earlier, 31 March 2022, unless previously renewed, varied or revoked.

As of December 17, 2020, the company had 159,619,990 shares in issue.