Albion Technology & General VCT PLC (LSE:AATG) commences share repurchases on June 29, 2022, under the program mandated by the shareholders in the Annual General Meeting held on May 26, 2022. As per the mandate, the company is authorized to repurchase up to 27,366,534 shares, representing 14.99% of its issued share capital. The minimum price (exclusive of expenses) which may be paid for each ordinary share is 1p and the maximum price which may be paid for each ordinary share is the higher an amount equal to 105% of the average of the middle market quotations for an ordinary share as derived from the London Stock Exchange Daily Official List of the UK Listing Authority for the five business days immediately preceding the day on which the ordinary share is purchased and the amount stipulated by Article 5(1) of the Buy-back and Stabilisation Regulation 2003.

The authority shall expire 15 months from the date that this resolution is passed or, if earlier, at the conclusion of the next Annual General Meeting. As of April 12, 2022, the company had 182,565,270 ordinary shares in issue and 20,904,204 ordinary shares in treasury.