Amati AIM VCT plc (LSE:AMAT) commences share repurchases on June 21, 2024, under the program mandated by the shareholders in the Annual General Meeting held on June 13, 2024. As per the mandate, the company is authorized to repurchase up to 22,419,432 shares, representing 14.99% of its issued share capital. The shares will be repurchased at a minimum price of 5 pence per share and at a maximum price of an amount equal to 105% of the average of the middle market quotations for such shares taken from London Stock Exchange Daily Official List for the five business days immediately preceding the day on which the purchase is made.

The repurchased shares will be cancelled. Unless previously varied, revoked or renewed, the share repurchase program shall expire on the earlier of the date of the annual general meeting of the company to be held in 2025 and the date which is 15 months after the date on which this resolution is passed. As of April 9, 2024, the company had 149,562,591 ordinary shares in issue and 0 ordinary shares in treasury.