Anglo Pacific Group plc (LSE:APF) commences share repurchases on September 25, 2020, under the program mandated by the shareholders in the Annual General Meeting held on May 27, 2020. As per the mandate, the company is authorized to repurchase up to 18,147,039 shares, representing 10% of its issued share capital. The maximum price payable by the company for each repurchased share shall be the higher of either, 105% of average of the middle market quotations for as ordinary share as derived from the London Stock Exchange's daily official list for 5 business days immediately preceding the day on which the repurchase is made, or the higher of the price of the last independent trade and the highest current independent bid on the trading venue where the purchase is carried out. The minimum price payable by the company for each repurchased share shall be its nominal value. The share repurchase program will expire at the conclusion of the next Annual General Meeting of the company in 2021 or June 30, 2021, whichever is earlier, unless previously renewed, varied or revoked by the company in a general meeting. As of April 14, 2020, the company had 181,470,392 shares in issue and has no shares held in treasury.