The Income & Growth VCT plc commences an Equity Buyback Plan for 22,083,241 shares, representing 14.99% of its issued share capital, under the authorization approved on February 22, 2022.

The Income & Growth VCT plc (LSE:IGV) commences share repurchases on June 10, 2022, under the program mandated by the shareholders in the Annual General Meeting held on February 22, 2022. As per the mandate, the company is authorized to repurchase up to 22,083,241 shares, representing 14.99% of its issued share capital. The maximum price which may be paid for an ordinary share is an amount equal to 5% above the average of the middle market quotations for the ordinary shares taken from the London Stock Exchange Daily Official List for five business days immediately preceding the day on which that share is contracted to be purchased.

The minimum price which may be paid for an ordinary share is 1p. The program will be valid for a period of 15 months after the passing of this resolution or the conclusion of the Annual General Meeting of the company to be held in 2023, whichever is earlier. As of December 15, 2022, the company had 147,319,823 ordinary shares in issue.