Crown Place VCT PLC (LSE:CRWN) commences share repurchases on December 19, 2022 under the program mandated by the shareholders in the Annual General Meeting held on November 28, 2022. As per the mandate, the company is authorized to repurchase up to 43,549,523 shares, representing 14.99% of its issued share capital. The minimum price (exclusive of expenses) which may be paid for each ordinary share is 1p and the maximum price which may be paid for each ordinary share is the higher an amount equal to 105% of the average of the middle market quotations for an ordinary share as derived from the London Stock Exchange Daily Official List of the UK Listing Authority for the five business days immediately preceding the day on which the ordinary share is purchased and the amount stipulated by Article 5(1) of the Buy-back and Stabilisation Regulation 2003.

The shares purchased may either be cancelled or held as treasury shares, which may then be cancelled, sold for cash, or used to meet the company's obligations under its employee share schemes. The authority shall expire at the earlier of, conclusion of the next Annual General Meeting of the company or 15 months from the date when resolution is passed. As of September 30, 2022, the company had 290,523,837 ordinary shares in issue and 35,822,916 ordinary shares in treasury.