Ei Group plc (LSE:EIG) commences share repurchases on March 15, 2019, under the program mandated by the shareholders in the Annual General Meeting held on February 7, 2019. Under the program, the company will repurchase up to 69,536,495 ordinary shares, representing 13.53% of its outstanding shares. The minimum price will not be less than £0.02 excluding expenses per ordinary share of £0.02 each. The maximum price will not be more, excluding expenses per ordinary share than the higher of either 5% above the average of the middle market quotations for the ordinary shares as derived from the London Stock Exchange Daily Official List for the five business days immediately before the day on which it purchases that share; the price of the last independent trade on the trading venue where the purchase is carried out; and/or the highest current independent purchase bid on that venue. The repurchased shares will be cancelled. The program will be valid till the next Annual General Meeting to be held in 2020 or for a period of 15 months, whichever is earlier. As of December 6, 2018, the company had 513,885,896 shares in issue of which 50,000,000 shares were in treasury.