Pollen Street Secured Lending plc (LSE:PSSL) commences share repurchases on July 2, 2020, under the program mandated by the shareholders in the Annual General Meeting held on June 30, 2020. As per the mandate, the company is authorized to repurchase up to 11,256,233 ordinary shares, representing 14.99% of its issued share capital, at a minimum price of £0.01 per ordinary share and at a maximum price of an amount equal to the higher of 5% above the average of the mid-market values of the ordinary shares for the five business days before the purchase is made and the higher of the price of the last independent trade of an ordinary share and the highest current independent bid for an ordinary share. The shares bought back will either be cancelled or placed into treasury at the determination of the directors. Unless previously renewed, revoked or varied, the share repurchase program will be valid up to the conclusion of the next Annual General Meeting to be held in 2021.