Pantheon Infrastructure PLC (LSE:PINT) commences share repurchases on April 20, 2023, under the program mandated by the shareholders in the Annual General Meeting held on March 30, 2023. As per the mandate, the company is authorized to repurchase up to 71,952,000 shares, representing 14.99% of its issued share capital. The shares will be repurchased at a minimum price which is the nominal value of the share and the maximum price which may be paid for an ordinary share shall be the higher of 5% above the average of mid-market values of the company's equity shares for the five business days before the purchase is made and the higher of the price of the last independent trade and the highest current independent bid for an ordinary share on the trading venue where the purchase is carried out.

The shares acquired will be held in treasury and will be used to support liquidity in the company's ordinary shares by further resale. This authority will expire at the earlier of 18 months from the date of passing of proposal and conclusion of next Annual General Meeting in 2024. As of February 24, 2023, the company had 480,000,000 issued shares and had no shares in treasury.