Softline Holding PLC (LSE:SFTL) announces a share repurchase program. Under the program, the company will repurchase up to 18,369,283 securities, representing 10% of its issued share capital. The offer price for the Securities (the Tender Offer Price) is US$ 1.00 per Ordinary Share or GDR tendered.

Tendered securities will be used to fund employee awards under Softline's long-term management incentive plan, long-term employee partnership program and employee share purchase schemes. The tender offer will be funded from cash generated by Softline's operations and financial investments. The offer will expire on May 18, 2022.