Colefax Group PLC commences an Equity Buyback Plan for 1,353,366 shares, representing 15% of its issued share capital, under the authorization approved on September 23, 2021.

Colefax Group PLC (AIM:CFX) commences share repurchases on September 23, 2022, under the program mandated by the shareholders in the Annual General Meeting held on September 23, 2021. As per the mandate, the company is authorized to repurchase up to 1,353,366 ordinary shares, representing 15% of the issued ordinary share capital. The shares will be purchased at a minimum price of £0.10 per share and 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 an ordinary share as derived from The London Stock Exchange Daily Official List for the five business days immediately preceding the day on which that ordinary share is purchased.

The program is valid for a period of 5 years from the date of passing the resolution. As of August 11, 2021, the company had 9,022,440 ordinary shares in issue.