JKX Oil & Gas plc (LSE:JKX) commences share repurchases on November 23, 2021, under the program mandated by the shareholders in the Extraordinary General Meeting held on November 23, 2021. As per the mandate, the company is authorized to repurchase to repurchase 40,096,476 ordinary shares, representing 23.35% for £16.84 million. The program will be financed from existing cash resources and paid out of distributable reserves. The repurchased shares will be cancelled. If the offer is oversubscribed, the company will prorate the number of shares accepted for payment. The company has fixed January 6, 2022 as the record date for the offer. The program is valid till January 6, 2022. As of November 21, 2021, the company had 171,723,145 shares in issue and 402,771 ordinary shares held in treasury.