Allfunds Group plc (ENXTAM:ALLFG) commences share repurchases on November 8, 2022, under the program mandated by the shareholders in the Annual General Meeting held on April 21, 2022. As per the mandate, the company is authorized to repurchase up to 62,942,634 shares, representing 10% of its issued share capital. The minimum price which may be paid for an ordinary share is €0.0025 per share.

The maximum price which may be paid for an ordinary share is an amount equal to 5% above the average market value of the ordinary share for five business days immediately preceding the day on which the company agrees to buy the share, based on the share price on Euronext Amsterdam and an amount equal to the higher of the price of the last independent trade and the highest current independent bid on the trading venues where the purchase is carried out. The repurchased shares will be used for employees' share scheme. The authority will be valid till the next Annual General Meeting in 2023, or July 21, 2023, unless previously renewed, revoked or varied by the company in a General Meeting.

As at April 21, 2022, the company has 629,426,348 issued shares and has no shares held in treasury.