Prime People Plc (AIM:PRP) announces a share repurchase program. Under the program, the company will repurchase up to 2,282,628 shares, representing 18.78% of its issued share capital. The shares will be repurchased at a price of £0.87 per share.

The company intends to cancel any ordinary shares repurchased in connection with the offer. If there are insufficient available shares to satisfy excess applications in full, such remaining available shares (in excess of those necessary to satisfy the basic entitlements taken up by eligible shareholders) shall be apportioned pro rata so far as practicable to excess applications from all eligible shareholders. The offer is subject to an approval of shareholders at the General Meeting to be held on January 12, 2022.

The offer will expire on January 14, 2022.