Future plc (LSE:FUTR) commences share repurchases on May 22, 2024, under the program mandated by the shareholders in the Annual General Meeting held on February 7, 2024. As per the mandate, the company is authorized to repurchase up to 11,672,793 shares, representing 10% of its issued share capital. The minimum price (exclusive of expenses) which may be paid for each ordinary share is £0.15 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. Any shares repurchased will be cancelled. The authority shall expire at the conclusion of the next Annual General Meeting of the company or, if earlier, at the close of business on May 8, 2025. As of December 5, 2023, the company had 116,727,927 shares in issue and 0 shares in treasury.

On May 15, 2024, the company initiated a Market Repurchase. Under the program, the company will repurchase up to £45 million worth of its shares.

On May 22, 2024, the company announced that it has entered into an agreement with J.P. Morgan Securities plc to repurchase up to £45 million worth of its shares. The purpose of the program is to reduce the company's capital. The repurchases will be made during the period starting on May 22, 2024 and ending no later than the conclusion of the company's FY2025 Annual General Meeting or, if earlier, the close of business on May 8, 2025.