Henderson Opportunities Trust plc (LSE: HOT) commences share repurchases on December 20, 2018, under the program mandated by the shareholders in its Annual General Meeting on held on March 15, 2018. As per the mandate, the company is authorized to repurchase up to 1,199,328 ordinary shares, representing 14.99% of its issued share capital. The maximum price which may be paid for an ordinary share shall be equal to 105% above the average of the middle market quotations for such shares as derived from the Daily Official List of the London Stock Exchange, for five business days immediately preceding the day on which the share is contracted to be purchased. The repurchased shares will be cancelled or held in treasury. The repurchase program will be funded from the company’s own cash resources, or if appropriate, from short term borrowings. The authority will be valid till the next Annual General Meeting or 15 months, whichever is earlier. J.P. Morgan Securities plc acted as broker to the company.