BlackRock Income and Growth Investment Trust plc (LSE:BRIG) commences share repurchases on July 31, 2020 under the program mandated by the shareholders in the Annual General Meeting held on June 12, 2019. As per the mandate, the company is authorized to repurchase up to 3,428,677 shares, representing 14.99% of its issued share capital. The minimum price which may be paid is £0.01 per share. The maximum price which may be paid for an ordinary share shall be an amount equal to the higher of, either 105% of the average middle market quotation for an ordinary share as derived from the Daily Official List of the London Stock Exchange for the five business days immediately preceding the day on which the ordinary share is contracted to be purchased. The repurchased shares will either be held in treasury or will be cancelled. The program shall expire at the next Annual General Meeting to be held in 2020. J.P. Morgan Securities plc acted as broker to the company.