Aberdeen Frontier Markets Investment Company Limited (AIM:AFMC) commences share repurchases on March 12, 2018, under the program mandated by the shareholders in the Annual General Meeting held on December 31, 2017. As per the mandate, the company is authorized to repurchase up to 12,809,345 shares, subject to a maximum of 14.99% of the issued share capital. The minimum price which may be paid for each ordinary share is 1 pence and the maximum price which may be paid for each ordinary share is an amount less than 105% of market value of an ordinary share in the company for the five business days prior to the day the purchase is made or the last published diluted net asset value per ordinary share. The authority will expire on the earliest of company’s next Annual General Meeting in 2018 or the passing of any similar resolution.