Octopus AIM VCT 2 plc (LSE:OSEC) commences share repurchases on May 20, 2021, under the program mandated by the shareholders in the Annual General Meeting held on April 329, 2021. As per the mandate, the company is authorized to repurchase up to 18,836,532 shares, representing 14.99% of its issued share capital. The repurchased shares may be cancelled or held in treasury. The minimum price, exclusive of expenses, which may be paid, is £0.0001 per share. The maximum price which may be paid for any such ordinary share is the 105% of the average of the middle market quotations for the ordinary shares in the company as derived from the London Stock Exchange Daily Official List for the 5 business days immediately preceding the date on which such ordinary shares are contracted to be purchased and the higher of the price of the last independent trade and the highest current independent bid on the London Stock Exchange Daily Official List at the time the purchase is carried out. The plan will be valid up to the conclusion of the next Annual General Meeting of the company or, if earlier, close of business on the date falling 15 months after the date on which this resolution is passed. As on February 19, 2021, the company had 135,159,918 shares in issue.