Wynnstay Properties Plc commences an Equity Buyback Plan for 406,742 shares, representing 15% of its issued share capital, under the authorization approved on July 19, 2022.

Wynnstay Properties Plc (AIM:WSP) commences share repurchases on September 5, 2022, under the program mandated by the shareholders in the Annual General Meeting held on July 19, 2022. As per the mandate, the company is authorized to repurchase up to 406,742 shares, representing 15% of its issued share capital. The minimum price which may be paid for each ordinary share is 25p and the maximum price (exclusive of expenses) which may be paid for an Ordinary Share shall not be more than 105% of the average closing middle market quotation for an Ordinary Share as derived from the AIM appendix to the Stock Exchange Daily Official List for the five business days immediately preceding the date on which the Ordinary Share is purchased.

The authorization is valid for five years from the passing of this resolution. As of June 14, 2022, the company had 2,711,617 ordinary shares in issue and 443,650 shares in treasury.