VH Global Sustainable Energy Opportunities plc (LSE:GSEO) commences share repurchases on September 15, 2023, under the program mandated by shareholders in the Annual General Meeting held on April 25, 2023. As per the mandate, the company is authorized to repurchase up to 63,332,583 shares, representing 14.99% of its issued share capital. The minimum price which may be paid for each ordinary share is £0.01 per share and the maximum price which may be paid for each ordinary share is the higher of an amount equal to 105% of the average of the mid market quotations of the shares for the five business days before the shares are 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 on the trading venue where the purchase is carried out.

The authorization will be valid till next Annual General meeting or June 30, 2024, if earlier. As of April 25, 2023, the company had 422,498,890 issued shares and no shares in treasury.