Martin Currie Pacific Trust plc (LSE:MCP) commences share repurchases on October 26, 2018, under the program mandated by the shareholders in the Annual General Meeting held on July 11, 2018. Under the offer, the company will repurchase up to 5,415,062 shares, representing 14.99% of its share capital. The minimum price which may be paid for an ordinary share shall be £0.50 per share. The maximum price which may be paid for an ordinary share shall be not more than the higher of 5% the average of the middle market quotations for an ordinary share of the company as derived from the Daily Official List of the London Stock Exchange for the 5 business days immediately preceding the purchase. The share repurchase program is valid until the next Annual General Meeting in 2019. As on March 31, 2018, the company had 36,124,496 shares in issue.