Domino's Pizza Group plc (LSE:DOM) commences share repurchases on September 14, 2021, under the program mandated by the shareholders in the Annual General Meeting held on April 22, 2021. As per the mandate, the company is authorized to repurchase up to 46,898,007 shares, representing 10% of its issued share capital. The minimum price payable shall be approximately £0.00520833 per ordinary share. The maximum price per ordinary share payable shall be the higher of an amount equal to 105% of the average of the middle market quotations for an ordinary share as derived from the daily official list of the London stock exchange for the five business days prior to making any purchase and an amount equal to the higher of the price of the last independent trade of an ordinary share and the highest current independent bid for an ordinary share on the London stock exchange’s main market for listed securities at the time the purchase is carried out. The purpose of the buyback is to return surplus funds to shareholders and providing a return on investment. The shares may be cancelled or held as treasury. The plan will be valid till the conclusion of the Annual General Meeting of the company to be held in 2022 or, if earlier, 15 months from the date of the passing of the resolution that is July 22, 2022, unless such authority is renewed prior to this time. As on March 10, 2021, the company had 468,980,073 shares in issue and no shares in its treasury.