Malin Corporation plc (ISE:MLC) commences a share repurchases on November 14, 2023, under the program mandated by the shareholders in the Annual General Meeting held on March 10, 2023. As per the mandate, the company is authorized to repurchase its own shares whose aggregate nominal value shall equal 10% of the aggregate nominal value of the company?s issued share capital as of February 14, 2023. The minimum price shall be a price equal to the nominal value and the maximum price shall not be more than 5% above the average of the closing prices of the company?s ordinary shares on the Euronext Growth Market of Euronext Dublin for the five business days prior to the day the purchase is made.

The authority shall expire at the close of business on the earlier of the date of the next Annual General Meeting of the company or June 10, 2024, unless and to the extent that such power is renewed, revoked or extended prior to such date. As of June 21, 2021, the company had 34,016,053 shares in issue.