Paladin Limited commences an Equity Buyback Plan for 140,143,754 shares, representing 10% of its issued share capital, under the authorization approved on December 9, 2021.

Paladin Limited (SEHK:495) commences share repurchases on April 29, 2022, under the program mandated by the shareholders in the Annual General Meeting held on December 9, 2021. As per the mandate, the company is authorized to repurchase up to 140,143,754 shares, representing 10% of its issued share capital. The repurchases will lead to an enhancement of the net asset value and/or earnings per share for the company.

The repurchases will be funded out of funds legally available for such purpose in accordance with its memorandum of association and Bye-Laws and the laws of Bermuda. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual general Meeting is required to be held or the date on which the authority is varied or revoked in a General Meeting. As of December 9, 2021, the company had 1,401,437,549 shares in issue.