Albion Venture Capital Trust PLC (LSE:AAVC) commences share repurchases on September 30, 2021, under the program mandated by the shareholders in the Annual General Meeting held on September 7, 2021. As per the mandate, the company is authorized to repurchase up to 17,470,774 shares, representing 14.99% of its issued share capital. The maximum price which may be paid for an ordinary share is an amount equal to 105% of the average of the middle market quotations for the ordinary shares taken from the London Stock Exchange Daily Official List for five business days immediately preceding the day on which that Share is contracted to be purchased.

The minimum price which may be paid for an ordinary share is 1 pence. The repurchased shares will be cancelled. Unless previously revoked, varied or renewed, the authority will be valid till the next Annual General Meeting in 2022, or 15 months from the passing of this resolution, whichever is earlier.

As at June 18, 2021, the company had 116,549,525 shares in issue and 17,153,431 shares in treasury.