Kingspan Group plc (ISE:KRX) commences share repurchases on May 19, 2021, under the program mandated by the shareholders in the Annual General Meeting held on April 30, 2021. As per the mandate, the company is authorized to repurchase up to 18,345,056 shares, representing 10% of its issued share capital. The minimum price which the company will pay for its own shares is the nominal value of such shares and the maximum price which the company will pay for its ordinary shares shall be the higher of an amount equal to 105% of the average market value of a share or, the higher of the price of the last independent trade and the highest current independent bid on the Irish Stock Exchange at the time the purchase is carried out. The share repurchase program shall expire at the conclusion of the company’s Annual General Meeting in 2022 or 18 months, whichever is earlier. As of March 8, 2021, the company had 183,450,562 shares in issue.