Northern 3 VCT PLC (LSE:NTN) commences share repurchases on September 25, 2020 under the program mandated by the shareholders in the Annual General Meeting held on August 27, 2020. As per the mandate, the company is authorized to repurchase up to 11,042,313 shares, representing 10% of its issued share capital. The minimum price, exclusive of expenses, which may be paid, is £0.05 per share. The maximum price per share of not more than 105% of the average market value of the relevant shares for the five business days prior to the date on which the purchase is made. The repurchased shares may be cancelled. The plan will be valid up to the conclusion of the next Annual General Meeting of the company or October 31, 2021, whichever is earlier.