REG - Aurora UK Alpha PLC - Share Buyback

Aurora UK AlphaAnnouncement

11/02/2025 07:15

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RNS Number : 5918W  Aurora UK Alpha PLC  11 February 2025

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has no unpublished inside information.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

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