Plus Group Holdings Inc. commences an Equity Buyback for 12,520,040 shares, representing 10% of its issued share capital, under the authorization approved on June 30, 2023.

Plus Group Holdings Inc. (SEHK:2486) commences share repurchases on October 19, 2023, under the program mandated by the shareholders in the Annual General Meeting held on June 30, 2023. As per the mandate, the company is authorized to repurchase up to 12,520,040 shares, representing 10% of its issued share capital. The repurchases will result in an increase in the net asset value and/or earnings per share.

The repurchase program will be funded out of funds legally available for the purpose in accordance with the Articles and the applicable laws of the Cayman Islands. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual General Meeting is required to be held or the date on which the authority is varied or revoked in a General Meeting. As at June 30, 2023, the company has 125,200,400 shares in issue.