Momentum Multi-Asset Value Trust plc (LSE:MAVT) commences share repurchases on August 8, 2022, under the program mandated by the shareholders in the Annual General Meeting held on July 26, 2022. As per the mandate, the company is authorized to repurchase up to 4,650,025 shares, representing 14.99% of its issued share capital. The minimum price which may be paid is £0.25 per share and the maximum price which may be paid shall not be more than the higher of an amount equal to 5% above the average of the middle market quotations for an ordinary share taken from the London Stock Exchange daily official list for the 5 business days immediately preceding the date on which the ordinary share is contracted to be purchased, and the higher of the price of the last independent trade and the current highest independent bid on the trading venue where the purchase id carried out.

The authorization will expire on October 26, 2023 or, if earlier, at the conclusion of the AGM of the Company to be held in 2023. As of June 17, 2022, the company had 31,020,848 shares in issue and 18,580,240 shares in its treasury.