Trans-Siberian Gold plc (AIM:TSG) commences share repurchases on February 26, 2021, under the program mandated by the shareholders in the Annual General Meeting held on June 30, 2020. As per the mandate, the company is authorized to repurchase up to 8,715,850 shares, representing 10% of its issued share capital. The minimum price (exclusive of expenses) which may be paid for each ordinary share is £0.1 and the maximum price which may be paid for each ordinary share is the higher an amount equal to 5% of the average of the market value for an ordinary share as derived from the AIM Appendix to the Daily Official List of the London Stock Exchange for the five business days immediately preceding the day on which the ordinary share is contracted to be purchased and an amount equal to the higher of the price of the last independent trade of an ordinary share and the current highest independent bid for an ordinary share as derived from the AIM Appendix to the Daily Official List of the London Stock Exchange. The authority shall expire earlier of June 30, 2021, or conclusion of the next Annual General Meeting of the company. As of June 5, 2020, the company had 110,053,073 ordinary shares in issue of which 22,894,565 ordinary shares are held in treasury.