Majedie Investments PLC (LSE:MAJE) commences share repurchases on March 29, 2019, under the program mandated by the shareholders in the Annual General Meeting held on January 16, 2019. As per the mandate, the company is authorized to repurchase up to 8,010,506 shares, representing 14.99% of the issued share capital. The minimum price which may be paid for such shares is 10p per share, and the maximum price which may be paid for such shares shall not be more than the higher of an amount equal to 105% of the average market value of a share for five business days prior to the date of the market purchase and the higher of the price of the last independent trade and the highest current independent bid as stipulated. Unless previously renewed or revoked, the share repurchase program shall expire at the earliest of the conclusion of the next Annual General Meeting of the company in 2020, or after 18 months from this repurchase program. As of December 4, 2018, the company had 53,439,000 shares in issue. On January 16, 2019, the company initiated a share repurchase program. Under the program, the company will repurchase its own shares. The buyback will be funded from the company's resources.