Nexteq plc (AIM:NXQ) commences share repurchases on April 30, 2024, under the program mandated by the shareholders in the Annual General Meeting held on April 16, 2024. As per the mandate, the company is authorized to repurchase up to 6,653,906 shares, representing 10% of its issued share capital. The minimum price which may be paid for each ordinary share is its nominal value and the maximum price which may be paid for each ordinary share is the higher of an amount equal to 105% of the average of the middle market quotations for an ordinary share, as derived from the London Stock Exchange Daily Official List, for the five business days immediately preceding the day on which the ordinary share is purchased and an amount equal to the higher of the price of the last independent trade of an ordinary share and the current highest independent bid for an ordinary share as derived from the London Stock Exchange Trading System. Any shares purchased under this authority will either be cancelled and the number of shares in issue reduced accordingly, or will be held in treasury. The authority shall expire on the conclusion of the next Annual General Meeting. As of March 27, 2024, the company had 66,539,060 ordinary shares in issue and no shares in treasury.

On April 25, 2024, the company announced a share repurchase program. Under the program, the company intends to commence a limited share buy back program of up to £1 million. The purpose of the program is to provide short-term liquidity for the Group's shares in circumstances where otherwise this is lacking.