Artemis VCT plc (LSE:AAM) commences share repurchases on February 18, 2016, under the program mandated by the shareholders in the Annual General Meeting held on A February 3, 2016. As per the mandate, the company is authorized to repurchase up 14.99% of its issued share capital. The minimum price which may be paid for such shares is £0.01 per share.

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 plc Daily Official List for the five business days before the day on which the share is contracted to be purchased by the company and the minimum price which may be paid for an ordinary share is its nominal value. The company is generally and unconditionally authorized to make market purchases as defined in Section 693(4) of the Companies Act 2006. Any ordinary shares purchased under this authority will either be cancelled or be held in treasury.

The program will be valid till the next Annual General Meeting in 2017.