Empresaria Group plc (AIM:EMR) commences share repurchases on May 31, 2018 under the program mandated by the shareholders in the Annual General Meeting held on May 2, 2018. As per the mandate, the company is authorized to repurchase up to 2,450,957 shares, representing 5% of its issued share capital. The minimum price which may be paid for each ordinary share is £0.05 (exclusive of all expenses) and the maximum price which may be paid for each ordinary share is the higher of the amount equal to 105% of the average of the middle market quotations, or the market values, 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. The company may hold such shares in treasury and then sell them at a later date for cash rather than simply cancelling them. The share repurchase program shall expire at the earliest of the conclusion of the next Annual General Meeting in 2019, or on July 31, 2019. As of March 26, 2018, the company has 49,019,132 shares in issue and no shares under treasury.