Spice Private Equity AG (SWX:SPCE) announces a share repurchase program. Under the program, the company will repurchase up to 202,796 registered shares, representing 3.78% of its issued share capital for $3.05 million. The shares will be repurchased at a price of $15.05 per share.

The purpose of the offer is share capital reduction through the cancellation of the repurchased shares and aims to offer its shareholders an exit opportunity and access to additional liquidity. If the offer is oversubscribed, the company will prorate the number of shares accepted for payment. The program will run until February 23, 2022.

As of January 25, 2022, the company had 5,360,617 shares in issue and 333,265 shares in treasury.