Panther Securities PLC (AIM:PNS) commences shares repurchases on November 17, 2022, under the program mandated by the shareholders in the Annual General Meeting held on June 15, 2022. As per the mandate, the company is authorized to repurchase up to 2,500,000 shares. The maximum price at which any share may be purchased is the price equal to 5%, above the average of the middle market quotations of an ordinary share as derived from the London Stock Exchange Daily Official List for the 5 business days preceding the date of such purchase, and the minimum price at which any share may be purchased shall be the par value of such share.

The authority shall expire at the conclusion of the next Annual General Meeting of the company provided that any contract for the purchase of any shares as aforesaid which was concluded before the expiry of the said authority may be executed wholly or partly after the said authority expires.