Victoria plc (AIM:VCP) commences share repurchases on September 12, 2022, under the program mandated by the shareholders in the Annual General Meeting held on September 9, 2022. As per the mandate, the company is authorized to repurchase up to 17,444,847 shares, representing 15% of its issued share capital. The minimum price (exclusive of expenses) which may be paid for each ordinary share is £0.05 and the maximum price which may be paid for each ordinary share shall not be more than 5% above the average market value for the Ordinary Shares for the five business days before the purchase is made and in any event not more than the higher of the price of the last independent trade and current independent bid as derived from the AIM Appendix to the Daily Official List of the London Stock Exchange.

The shares purchased may either be cancelled or held as treasury shares, which may then be cancelled, sold for cash. The authority shall expire at the conclusion of the next Annual General Meeting of the company or 18 months after the passing of this resolution, whichever is earlier. As of August 9, 2022, the company had 9,165,685 ordinary shares in treasury.