Allianz Technology Trust PLC (LSE : ATT) announces an Equity Buyback Plan for 64,270,626 shares, representing 14.99% of its issued share capital, under the authorization approved on April 26, 2023.

Allianz Technology Trust PLC (LSE : ATT) commences share repurchases on May 12, 2023, under the program mandated by the shareholders in the Annual General Meeting held on April 26, 2023. As per the mandate, the company is authorized to repurchase up to 64,270,626 shares, representing 14.99% of its issued share capital. The minimum price which may be paid for an ordinary share will be 2.5 pence.

The maximum price which may be paid for each ordinary share will not be more than the higher of 5% above the average closing price on the London Stock Exchange of an Ordinary Share over the five business days immediately preceding the date of purchase and the higher of the last independent trade and the highest current independent bid on the London Stock Exchange. Unless previously varied, revoked or renewed by the company in a general meeting, the authority will expire at the conclusion of the company's next Annual General Meeting or on the expiry of 15 months from the passing of this resolution, whichever is the earlier.