Long4life Limited (JSE:L4L) commences share repurchases on July 20, 2020, under the program mandated by the shareholders in the Annual General Meeting held on July 1, 2020. As per the mandate, the company is authorized to repurchase its own shares. The number of ordinary shares which may be acquired pursuant to this authority in any financial year may not in the aggregate exceed 10% of the number of ordinary shares in issue. The shares will be repurchased at a price not more than 10% above the volume weighted average traded price on the JSE of the shares in question for the 5 business days immediately preceding the repurchase. The plan will be valid up to the next Annual General Meeting or for 15 months from the date of passing of this resolution, whichever period is the shorter. As on February 29, 2020, the company had 858,546,348 shares in issue and had 84,102,353 shares in treasury.