11 February 2025
Aurora UK
Alpha plc
LEI:
2138007OUWIZFMAGO575
Share
Buyback
The Board of Aurora UK Alpha plc
(the "Company") announces
the commencement of a discretionary share buyback programme (the
"Share Buyback"), conducted
in accordance with existing authorities.
The Board regularly reviews market
conditions and believes that a buyback programme currently offers
an attractive use of capital.
Share repurchases, if implemented,
will be conducted in open market transactions and may be made from
time to time depending on market conditions, share price, and
trading volume. There is no certainty that any buybacks will be
completed and may be paused or discontinued at any time.
The Share Buyback will take place
within the limitations of the authority granted to the Board of the
Company at its annual general meeting ("General Authority"), held on 12 June
2024, pursuant to which the maximum number of shares which may be
bought back is 11,436,279.
About the Share Buyback
·
The Share
Buyback will be financed through the Company's cash
resources.
·
The purchased Ordinary Shares
will be held by the Company in treasury at the Company's discretion
for later reissue or cancellation.
·
The Company confirms that it is
not in a closed period and currently has no unpublished inside
information.
·
The aggregate number of
Ordinary Shares acquired by the Company pursuant to the Share
Buyback shall not exceed the maximum number of Ordinary Shares
which the Company is authorised to purchase pursuant to the General
Authority.
·
The potential purchase of
shares will commence on the date of this announcement and will
continue until the earlier of the expiration of the General
Authority or until the number of Ordinary Shares equal to the
maximum pecuniary amount have been purchased under the Share
Buyback or the process is terminated or paused.
·
Share repurchases, if
undertaken, will be conducted at prevailing market prices, subject
to a maximum price per share determined in accordance with the
General Authority (being no more than 105% of the average middle
market closing price over the preceding five business days, and a
minimum price of 25 pence per share.
·
The Company does not intend to
rely on the safe harbour provisions dealing with trading for share
buyback programmes set out in Article 5 of the Market Abuse
Regulation 596/2014/EU (as onshored into UK legislation following
Brexit).
As at 11 February 2025, the
Company's total issued share capital consisted of 114,572,742
Ordinary Shares, with one voting right per share. The Company does
not as at this date hold any Ordinary Shares in treasury.
Therefore, the total number of voting rights in the Company was
114,572,742.
This announcement contains inside information for the purposes
of Article 7 of Market Abuse Regulation (EU) 596/2014 as it forms
part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 as amended, and is disclosed in accordance
with the Company's obligations under Article 17 of MAR. The person
responsible for arranging for the release of this announcement on
behalf of Aurora Investment Trust plc is Frostrow Capital LLP, the
Company Secretary.
Frostrow Capital LLP
Company Secretary
Tel: 020 3709 8733
Panmure Liberum Limited
Chris Clarke / Ashwin
Kohli
Tel: 020 3100 2000
LEI: 2138007OUWIZFMAGO575
