Dunelm Group plc (LSE:DNLM) commences share repurchases on November 18, 2021, under the program mandated by the shareholders in the Annual General Meeting held on November 16, 2021. As per the mandate, the company is authorized to repurchase up to 5,000,000 shares, representing 2.46% of its issued share capital. The minimum price which may be paid for each ordinary share is ?0.01 pence and the maximum price which may be paid for each ordinary share is the higher of an amount equal to 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 an amount equal to the higher of the price of the last independent trade of an ordinary share and the current highest independent bid for an ordinary share as derived from the London Stock Exchange Trading System. The Company may either retain any of its own ordinary shares which it has purchased as treasury shares with a possible re-issue at a future date, or cancel them. The authority shall expire at the earliest of the conclusion of the next Annual General Meeting, or on December 31, 2022, whichever is earlier. As of October 14, 2021, the company had 203,085,964 ordinary shares in issue and 136,487 shares in treasury. On November 18, 2021, the company announced a share repurchase program. Under the program, the company will repurchase up to 2,500,000 shares for ?40 million. The purpose of the program is to satisfy employee share-based award obligations. The shares repurchased by the company will be held in treasury pending re-issue. No shares will be cancelled.