Strategic Equity Capital plc (LSE:SEC) commences share repurchases on November 9, 2022, under the program mandated by the shareholders in the Annual General Meeting held on November 9, 2022. As per the mandate, the company is authorized to repurchase up to 7,990,951 shares, representing 14.99% of its issued and outstanding 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 prices of 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 and an amount equal to the higher of the price of the last independent trade and the highest current independent bid on the trading venues where the purchase is carried out at the relevant time.

The program will expire on the next Annual General Meeting in 2023, or the date on which the maximum number of shares authorized to be purchased have been purchased by the company, or on February 9, 2024, whichever is earlier. As of October 4, 2022, the company had 53,308,547 outstanding shares and had 10,220,659 treasury shares.