Mitchell Services Limited announces an Equity Buyback for 22,494,890 shares, representing 10% of its issued share capital.

Mitchell Services Limited (ASX:MSV) announces a share repurchase program. Under the program, the company will repurchase up to 22,494,890 shares, representing 10% of its issued share capital. The shares will be repurchased at a price no more than 5% above the volume weighted average share price of the Company's shares over the 5 days of prior trading before the purchase is made.

The purpose of the program is capital management. The repurchased shares will be cancelled. The program is valid till July 13, 2023.

As of June 29, 2022, the company has 224,948,905 shares in issue.