Somero Enterprises, Inc. (AIM:SOM) announces an share repurchase program. Under the program, the company will repurchase up to $1 million worth of its shares. The maximum price to be paid per ordinary share is to be no more than the higher of 105% of the average middle market closing price of an ordinary share for the five business days preceding the date of any share buyback, the price of the last independent trade and the highest current independent purchase bid. The purpose of the program is to mitigate future dilution resulting from share issuances under the company's equity award programs. The repurchased shares will be cancelled. The repurchase program will be completed by the end of 2020.