Prime People Plc (AIM:PRP) commences a share repurchases on November 30, 2020 under the program mandated by the shareholders in the Annual General Meeting held on September 22, 2020. As per the mandate, the company is authorized to repurchase up to 1,846,091 shares, representing 15% of the issued share capital of the company. The minimum price which may be paid for such shares is £0.10 per share. The maximum price which may be paid for an ordinary share shall not be more than 105% above the average of the middle market quotations for a new ordinary share as derived from the London Stock Exchange plc for the five business days immediately preceding the date on which the new ordinary share is purchased. The share repurchases will be held in treasury to meet the requirements of the employee share schemes operated by the company. The authority shall expire at the earlier of the company’s next Annual General Meeting or 15 months from the date of passing this resolution. On November 10, 2020, the company is authorized to repurchase up to £0.25 million worth of its shares. The purpose of the share repurchases is to provide value to the shareholders. The share repurchases will be held in treasury and will be utilized to meet current and future obligations arising from share incentive arrangements with employees of the group. The repurchases will commence from November 10, 2020, and valid till December 31, 2020.