Funding Circle SME Income Fund Limited (LSE: FCIF) commences share repurchases on September 45 2019, under the program mandated by the shareholders in its Annual General Meeting on held on September 5, 2019. As per the mandate, the company is authorized to repurchase up to 45,839,202 shares, representing 14.99% of its issued share capital. The minimum price which shall be paid for an ordinary share will be £0.01. The maximum price which may be paid for an ordinary share shall be equal to 5% above the average of the middle market quotations for such shares as derived from the Daily Official List of the London Stock Exchange, for five business days immediately preceding the day on which the share is contracted to be purchased. The repurchased shares will be cancelled or held in treasury. The authority will be valid till the next Annual General Meeting, unless varied or revoked prior to such time. As at July 30, 2019, the company had 305,798,543 shares in outstanding excluding 28,485,250 shares held in treasury.