Donegal Investment Group plc (ISE:DQ7A) commences share repurchases on July 4, 2019, under the program mandated by the shareholders in the Annual General Meeting held on May 29, 2019. As per the mandate, the company is authorized to repurchase up to 813,789 shares, representing 15% of its issued share capital. The minimum price at which the shares may be repurchased will be the par value of each share and the maximum price at which the shares may be repurchased will be 5% above the average of the official closing prices of the relevant shares derived from the Irish Stock Exchange, for the five closing days before the purchase is made. The authority shall expire at the earliest of the next Annual General Meeting in 2020, or 15 months from the date of passing of this resolution, whichever is earlier.