BMO Global Smaller Companies Plc (LSE:BGSC) commences share repurchases on August 12, 2021, under the program mandated by the shareholders in the Annual General Meeting held on August 12, 2021. As per the mandate, the company is authorized to repurchase up to 85,879,448 shares, representing 14.99% of the issued share capital. The minimum price which may be paid for such shares is 10p per share, and the maximum price which may be paid for such shares shall not be more than the higher of an amount equal to 105% of the average market value of a share for five business days prior to the date of the market purchase and the higher of the price of the last independent trade and the highest current independent bid as stipulated. Unless previously renewed or revoked, the share repurchase program shall expire at the earliest of the conclusion of the next Annual General Meeting of the company in 2022, or after 15 months from this repurchase program. As of April 30, 2021, the company had 620,533,770 shares in issue. Stifel Nicolaus Europe Limited acted as broker to the company.