Queste Communications Ltd (ASX:QUE) commences share repurchases on November 30, 2017, under the program mandated by the shareholders in the Annual General Meeting held on November 30, 2017. As per the mandate, the company will repurchase its fully paid and partly paid ordinary shares for up to AUD 0.3 million. Repurchases will be made at a price of 5 cents in respect of each fully paid ordinary share on issue and 0.25 cent in respect of each partly paid ordinary share on issue. Any shares bought-back will be cancelled. The shares repurchased will be paid in cash and scrip. If acceptances were to exceed AUD 0.3 million, the company will use a pro-rata scale-back of repurchases. The offer will expire on January 5, 2017. As of October 30, 2017, the company had 27,155,358 listed fully paid, ordinary shares and 5,193,000 unlisted partly paid ordinary shares outstanding.