AVI Global Trust plc (LSE: AGT) commences share repurchases on December 20, 2022, under the program mandated by the shareholders in the Annual General Meeting held on December 20, 2022. As per the mandate, the company is authorized to repurchase its own shares. The minimum price which may be paid for a share shall be the nominal value of that share.

The maximum price which may be paid for any ordinary share shall be the higher of 5% above the average of the middle market quotations of the shares as derived from the Daily Official List of the London Stock Exchange for the five business days immediately preceding the date on which the relevant share is contracted to be purchased and the higher of the last independent trade and the highest independent bid. The shares repurchased will be cancelled or held in treasury. This authority shall expire at the conclusion of the next Annual General Meeting of the company, or after 15 months, whichever is earlier, unless previously renewed, varied or revoked by the company in a general meeting.

As of November 7, 2022, the company had 534,905,804 shares in issue, out of which 45,600,956 shares were held under treasury.