International Public Partnerships Limited commences an Equity Buyback Plan for 286,495,345 shares, representing 14.99% of its issued share capital, under the authorization approved on May 31, 2023.

International Public Partnerships Limited (LSE:INPP) commences share repurchases on January 23, 2024, under the program mandated by the shareholders in the Annual General Meeting held on May 31, 2023. As per the mandate, the company is authorized to repurchase up to 286,495,345 shares, representing 14.99% of its issued share capital. The minimum price (exclusive of expenses) which may be paid for each ordinary share is £0.01 and the maximum price which may be paid for each ordinary share is the higher an amount equal to 5% above the average of the market value for the five business days immediately preceding the day on which the ordinary share is 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 on the trading venue where the purchase is carried out.

The shares purchased will be held in treasury or cancelled. The authority shall expire at the conclusion of the next Annual General Meeting in 2024. As of April 28, 2023, the company had 1,911,243,132 ordinary shares in issue.