Augmentum Fintech PLC (LSE:AUGM) commences share repurchases on September 23, 2022, under the program mandated by the shareholders in the Annual General Meeting held on September 14, 2022. As per the mandate, the company is authorized to repurchase up to 26,865,291 shares, representing 14.99% of its issued share capital. The minimum price (exclusive of expenses) which may be paid for each ordinary share is £0.01 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 contracted to be purchased and an amount equal to the higher of the price of the last independent trade of an ordinary share and the current highest independent bid for an ordinary share as derived from the London Stock Exchange Trading System. The shares purchased may either be cancelled or held as treasury shares, sold or otherwise dealt with as Treasury Shares in accordance with the Act. The authority shall expire at the conclusion of the next Annual General Meeting of the company to be held in 2023 or, if earlier, on the expiry of 15 months from the date of the passing of this resolution unless such authority is renewed prior to such time. As of June 30, 2022, the company had 179,221,425 ordinary shares in issue.

Peel Hunt LLP and Singer Capital Markets Securities Limited acted as joint broker for the company.