Caledonia Investments Plc commences an Equity Buyback Plan for 5,466,300 shares, representing 10% of its issued share capital, under the authorization approved on July 19, 2023.

Caledonia Investments Plc (LSE:CLDN) commences share repurchases on March 22, 2024, under the program mandated by the shareholders in the Annual General Meeting held on July 19, 2023. As per the mandate, the company is authorized to repurchase up to 5,466,300 shares, representing 10% of its issued share capital. The minimum price, exclusive of expenses which may be paid for each ordinary share will not be less than 5p, the nominal value of each ordinary share and the maximum price exclusive of expenses which may be paid for each ordinary share will not be more than 5% above the average middle market quotations for the ordinary shares taken from the Daily Official List of the London Stock Exchange for the five business days immediately before the date of purchase and the higher of the price of the last independent trade in ordinary shares of the company and the highest current independent bid relating thereto on the trading venue where the purchase is carried out.

The shares repurchased may be cancelled, or held in treasury and subsequently cancelled, or sold for cash, or used to satisfy share-based awards issued to employees pursuant to the share option schemes and the deferred bonus plans. The share repurchase program will expire at the earliest of the conclusion of the next Annual General Meeting in 2024, or on October 19, 2024. As of June 9, 2023, the company had 54,663,662 shares in outstanding and no shares were held in treasury.