Murray International Trust PLC (LSE:MYI) commences share repurchases on September 7, 2021, under the program mandated by the shareholders in its Annual General Meeting on April 23, 2021. As per the mandate, the company is authorized to repurchase up to 19,242,506 ordinary shares, representing 14.99% of its respective class of shares. The maximum price that may be paid on the exercise of this authority must not be more than the higher of either an amount equal to 105% of the average of the middle market quotations for a share taken from the London Stock Exchange Daily Official List for the 5 business days immediately preceding the day on which the share is purchased; and the higher of the last independent trade and the current highest independent bid on the trading venue where the purchase is carried out. The minimum price which may be paid is 25p per share. The shares will be repurchased on the market. The program will be valid till the next Annual General Meeting or till June 30, 2022, whichever is earlier.