Softline Holding PLC announces an Equity Buyback for $10 million worth of its shares.

Softline Holding PLC (LSE:SFTL) announces a share repurchase program. Under the program, the company will repurchase up to 18,300,000 GDRs, representing 10% of its issued share capital, for $10 million. The repurchases will be made by the company or through a subsidiary.

The purpose of the program is to fund the company's long-term management incentive plan. The repurchased shares will be held in treasury. The program will run through December 13, 2022.