London Security plc commences an Equity Buyback Plan for 500,000 shares, representing 4.08% of its issued share capital, under the authorization approved on June 22, 2022.

London Security plc (AIM:LSC) commences share repurchases on November 28, 2022, under the program mandated by the shareholders in the Annual General Meeting held on June 22, 2022. As per the mandate, the company is authorized to repurchase up to 500,000 shares, representing 4.08 % of its issued share capital. The shares repurchased under the program will be held in treasury.

The minimum price which may be paid for each ordinary share is £1 pence and the maximum price which may be paid for each ordinary share is not more than 5% above the average of the middle market quotations for the Company’s ordinary shares derived from the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which the purchase of the ordinary shares is contracted to take place . The authorization will expire on at the conclusion of the next Annual General Meeting of the Company or 15 months after the passing of this resolution, if earlier. As of May 7, 2022, the company had 12,261,471 ordinary shares in issue.