Witan Investment Trust plc (LSE:WTAN) commences share repurchases on April 28, 2021, under the program mandated by the shareholders in the Annual General Meeting held on April 28, 2021. As per the mandate, the company will repurchase up to 117,084,724 shares. The minimum price (exclusive of expenses) which may be paid for each ordinary share is £0.05 and the maximum price which may be paid for each ordinary share is the higher an amount equal to 105% of the average of the middle market quotations for an ordinary share as derived from the London Stock Exchange Daily Official List of the UK Listing Authority for the five business days immediately preceding the day on which the ordinary share is contracted to be purchased and an amount equal to the higher of the price of the last independent trade of an ordinary share and the current highest independent bid for an ordinary share as derived from the London Stock Exchange Trading System. The repurchase shares will be held in treasury and maybe transferred or sold. The program will be funded out of the company's own cash resources or, if appropriate, from short term borrowings. The repurchase program will be valid till the next Annual General Meeting in 2021 or October 27, 2022, whichever is earlier. J.P. Morgan Securities pl acted as a broker to the company.