Nexus Infrastructure plc (AIM:NEXS) announces a share repurchase program. Under the program, the company will repurchase up to 38,650,306 shares, representing 83.69% of its issued share capital for £63 million. The shares will be repurchased at a price of £1.63 per share.

Any Ordinary Shares repurchased by the company will be cancelled. The purpose of the program is to return value to Shareholders. The program is subject to approval from shareholders at the general meeting.

The record date for the program is set at March 17, 2023. The program is valid till March 17, 2023. As of February 27, 2023, the company had 45,556,904 shares in issue excluding the 625,281 ordinary shares that are expected to be issued pursuant to the exercise of employee options.