The Character Group plc (AIM:CCT) commences share repurchases on January 25, 2018 under the program mandated by the shareholders in the Annual General Meeting held on January 19, 2018. As per the mandate, the company is authorized to repurchase up to 3,141,900 shares, representing 15.03% of its issued share capital. The minimum price which may be paid for each ordinary share will not be less than 5p, the nominal value of each ordinary share and the maximum price which may be paid for each ordinary share will not be more than 105% above the average middle market quotations for the ordinary shares taken from the Daily Official List of the London Stock Exchange for the five business days immediately before the date of purchase. The repurchased shares will be cancelled or held in treasury. The share repurchase program shall expire at the earliest of the conclusion of the next Annual General Meeting in 2019, or after 15 months from the passing of resolution. As of December 21, 2017, the company had 20,907,602 ordinary shares outstanding excluding shares held in treasury and 3,027,506 ordinary shares in treasury.