GlobalData Plc (AIM:DATA) commences share repurchases on July 31, 2024, under the program mandated by shareholders in the Annual General Meeting held on April 23, 2024. As per the mandate, the company is authorized to repurchase up to 84,502,770 shares, representing 10% of its share capital. The minimum price which may be paid for any such ordinary share is £0.0001.
The maximum price which may be paid for an ordinary share shall be an amount equal to 105% of the average middle market quotations for an ordinary share as derived from the London Stock Exchange Daily Official List for the 5 business days immediately preceding the day on which the ordinary share is contracted to be purchased. The authorization will expire on July 23, 2025, unless previously renewed, revoked or varied. As of March 26, 2024, the company had 845,027,700 issued shares.