Abbey plc (ISE:DOY) commences share repurchases on March 10, 2020, under the program mandated by the shareholders in the Annual General Meeting held on October 4, 2019. As per the mandate, the company is authorized to repurchase up to 5% of the ordinary share capital of the company in issue. The minimum price (excluding expenses) which may be paid for any ordinary share shall be an amount equal to the nominal value thereof. The maximum price (excluding expenses) which may be paid for any ordinary share shall be the higher of 105% above the average of the closing prices of the company's ordinary shares taken from the the Euronext Dublin Daily Official List and/or the London Stock Exchange Daily Official List, in each case for the five trading days prior to the day the repurchases is made or if on any trading day there shall be no dealing of ordinary shares on the trading venue where the purchase is carried out or a closing price is not otherwise available. The program will be valid till the next Annual General Meeting or 15 months from the date of the resolution, whichever is the earlier, unless previously varied, revoked or renewed by special resolution.