Staffline Group plc (AIM:STAF) commences a share repurchases on June 18, 2024, under the program mandated by the shareholders in the Annual General Meeting held on May 22, 2024. As per the mandate, the company is authorized to repurchase up to 22,378,643 shares, representing 15% of its issued share capital. The minimum price which may be paid for a share is £0.1 and the maximum price which may be paid for a share is an amount equal to not more than 105% of the average of the middle market quotations for the shares as derived from the AIM Appendix of the Daily Official List of London Stock Exchange for five business days before the day on which the purchase is made or an amount equal to the higher of the price of the last independent trade of a share and the highest current independent bid for a share on the trading venue where the purchase is carried out. The repurchased shares will be held in treasury and will be subsequently cancelled, sold for cash or used to satisfy options exercised under any of the company?s share schemes. Unless previously revoked, varied or renewed, the share repurchase program shall expire at the earliest of the conclusion of the next Annual General Meeting or after 15 months from the date of passing of this resolution. As of April 11, 2024, the company had 149,190,956 ordinary shares in issue.

On June 10, 2024, the company announces a share repurchase program. Under the program, the company will repurchase up to £2.5 million. The shares purchased will be cancelled. The repurchases will commence from the date of this announcement.