Aquila Energy Efficiency Trust Plc (LSE:AEET) announces a share repurchase program. Under the offer, the company will repurchase up to 18,561,732 shares, representing 18.56% of its share capital for £17.5 million. The shares will be repurchased at a price of £0.9428 per share.

The purpose of the offer is to return value to shareholders. If the offer is oversubscribed, acceptances of validly tendered Ordinary Shares will be scaled-down to determine the extent to which individual tenders are accepted. The offer is subject to approval of shareholders in the General Meeting to be held on May 13, 2024.

The offer will be valid till May 10, 2024. As of April 18, 2024, the company had 100,000,000 issued shares and 0 shares in treasury.