The Global Smaller Companies Plc (LSE:GSCT) commences share repurchases on July 28, 2023, under the program mandated by the shareholders in the Annual General Meeting held on July 28, 2023. As per the mandate, the company is authorized to repurchase up to 77,946,388 shares, representing 14.99% of the issued share capital. The minimum price which may be paid for such shares is 2.5p per share, and the maximum price which may be paid for such shares shall not be more than the higher of an amount equal to 105% of the average market value of a share for five business days prior to the date of the market purchase and the higher of the price of the last independent trade and the highest current independent bid as stipulated. The share repurchased will be cancelled or held as treasury shares. Unless previously renewed or revoked, the share repurchase program shall expire at the earliest of the conclusion of the next Annual General Meeting of the company in 2024, or on the expiry of 15 months from the passing of this resolution. As of June 19, 2023, the company had 522,471,122 shares in issue.

Stifel Nicolaus Europe Limited acted as broker to the company.