Worldwide Healthcare Trust PLC (LSE:WWH) commences share repurchases on July 7, 2022, under the program mandated by the shareholders in the Annual General Meeting held on July 6, 2022. As per the mandate, the company is authorized to repurchase 9,824,110 shares, representing 14.99% of its issued share capital. The minimum price (exclusive of expenses) which may be paid for each ordinary share is 25 pence and the maximum price which may be paid for each ordinary share is the higher 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 of the UK Listing Authority for the five business days immediately preceding the day on which the ordinary share is contracted to be 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.

The shares purchased may either be cancelled or held as treasury shares, which maybe further sold, transferred or reissued. The authority shall expire at the earlier of, conclusion of the next Annual General Meeting of the company to be held in 2023 or, if earlier, on the expiry of 15 months from the date of the passing of this resolution. As of May 25, 2022, the company had 65,537,755 ordinary shares in issue 304,351 shares in treasury.