KR1 Plc (LSE:0A9X) commences share repurchases on May 15, 2024, under the program mandated by the shareholders in the Extraordinary General Meeting held on April 29, 2024. As per the mandate, the company is authorized to repurchase up to 26,587,691 shares, representing 14.99% of its issued share capital. The maximum price which may be paid for an ordinary share is an amount equal to 105% of the average of the middle market quotations for the ordinary shares taken from the London Stock Exchange plc Daily Official List for five business days immediately preceding the day on which that share is contracted to be purchased and an amount equal to the higher of the price of the last independent trade and the highest current independent bid on the trading venues where the purchase is carried.

The minimum price which may be paid for an ordinary share is £0.0019. Any shares bought back may be cancelled or held in treasury. The authority will expire at the conclusion of the Annual General Meeting of the company to be held in 2025 or the date falling 18 months after the passing of the resolution, whichever is the earlier.

As of April 9, 2024, the company had 177,369,520 shares in issue.