ME Group International plc commences an Equity Buyback Plan for 37,845,488 shares, representing 10% of its issued share capital, under the authorization approved on August 18, 2023.

ME Group International plc (LSE:MEGP) commences share repurchases on August 31, 2023, under the program mandated by the shareholders in the Annual General Meeting held on August 18, 2023. As per the mandate, the company is authorized to repurchase up to 37,845,488 shares, representing 10% of its issued share capital. The minimum price which may be paid for an ordinary share will be 0.5 pence and the maximum price which may be paid for an ordinary share will be an amount equal to 5% of the average of the middle market quotations for an ordinary share taken from and calculated by reference to the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which the ordinary share is contracted to be purchased, or the price of the last independent trade or the highest current independent bid.

The authority will be valid till company?s next Annual General Meeting. As of July 28, 2023, the company had 378,454,879 ordinary shares in issue.