Brimstone Investment Corporation Limited (JSE:BRT) commences share repurchases on June 19, 2018, under the program mandated by the shareholders in the Annual General Meeting held on May 9, 2018. As per the mandate, the company is authorized to repurchase up to 2,031,030 ordinary shares and 2,029,848 N ordinary shares, representing 4.99% of the ordinary shares in issue. The shares will be repurchased from Septen Investments Proprietary Limited. The share repurchase proceeds will be paid by the company by means of an inter-company loan account in the company’s books of account, no external borrowings will be utilized.