York Arcade Holdings PLC (COSE:YORK-N-0000) announces a share repurchase program. Under the program, the company will repurchase up to 4,500,000 ordinary shares, at a price of LKR 17 per share for a total of LKR 76.50 million. The shares repurchased will be cancelled. The repurchases will be funded from the revenue reserves of the company. The proportion in which the shares will be repurchased is 3 ordinary shares for 8 ordinary shares held. The record date for the offer is October 30, 2017. The shareholders will be given the opportunity to tender for repurchase by company additional shares over and above their pro rata entitlement, which may be repurchased at its discretion, in the event any of the shareholders do not accept in full. The offer is subject to shareholders approval at an Extraordinary General Meeting to be held on October 30, 2017. The offer will expire on November 23, 2017.