Sequoia Economic Infrastructure Income Fund Limited commences an Equity Buyback Plan for 14.99% of its issued share capital, under the authorization approved on August 2, 2023.

Sequoia Economic Infrastructure Income Fund Limited (LSE:SEQI) commences share repurchases on August 2, 2023, under the program mandated by the shareholders in the Annual General Meeting held on August 2, 2023. As per the mandate, the company is authorized to repurchase its own shares, representing 14.99% of its issued share capital. The maximum price which may be paid for an ordinary share is an amount equal to 5% above the average market value for the ordinary shares for the five business days prior to the day the purchase is made and an amount equal to the higher of the price of the last independent trade and the highest current independent bid on the trading venues where the purchase is carried out.

The minimum price which may be paid for an ordinary share is 1p. The program will be valid till the next Annual General Meeting in 2024, or 18 months from the passing of this resolution, whichever is earlier.