BCA Marketplace plc (LSE:BCA) commences share repurchases on December 19, 2018 under the program mandated by the shareholders in the Annual General Meeting held on September 6, 2018. As per the mandate, the company is authorized to repurchase up to 119,625,273 shares, representing 15% of its issued share capital. The maximum price which may be paid for an ordinary share will be an amount equal to the higher of 105% of the average of the middle market quotations for an ordinary share, as derived from the London Stock Exchange Daily Official List, for the five business days immediately preceding the day on which the ordinary share is purchased and the higher of the price of the last independent trade and the highest independent bid on the London Stock Exchange in respect of ordinary shares at the time the purchase is carried out. The minimum price which may be paid for an ordinary share shall not be less than one penny. The repurchased shares will be held in treasury. Unless previously revoked or varied, the share repurchase program shall expire on December 6, 2019 or at the conclusion of the next Annual General Meeting of the company, whichever is earlier, except in relation to the purchase of ordinary shares the contract for which was concluded before the expiry of this authority and which will or may be executed wholly or partly after such expiry. As of July 25, 2018, the company had 804,256,263 ordinary shares in issue and had 6,754,446 shares held in treasury.