Baronsmead Second Venture Trust Plc commences an Equity Buyback Plan for 42,026,557 shares, representing 14.99% of its issued share capital, under the authorization approved on February 1, 2023.

Baronsmead Second Venture Trust Plc (LSE:BMD) commences share repurchases on February 13, 2023 under the program mandated by the shareholders in the Annual General Meeting held on February 1, 2023. As per the mandate, the company is authorized to repurchase up to 42,026,557 shares, representing 14.99% of its issued share capital. The minimum price which may be paid is £0.01 per share and the maximum price which may be paid for a share shall be the higher of an amount equal to 105% above the average of the middle market quotations for a share in the company taken from the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which the share is contracted to be purchased and the price stipulated by Article 5(1) of the Buy-Back and Stabilization Regulation.

The program will be valid for 15 months after the date of the passing of the resolution. As on December 14, 2021, the company had 357,889,473 shares in issue and 31,970,111 shares in its treasury.