IndigoVision Group plc (AIM:IND) commences share repurchases on August 21, 2019, under the program mandated by the shareholders in the Annual General Meeting held on May 16, 2019. As per the mandate, the company is authorized to repurchase up to 751,351 shares, representing 10% of its issued share capital. The maximum price which may be paid for an ordinary share is an amount equal to the higher of 105% of the average of the middle market prices shown in the quotations for the company's ordinary shares in the London Stock Exchange Daily Official List for five business days immediately preceding the day on which that share is contracted to be purchased and an amount equal to the higher of the price of the last independent trade and the highest current independent bid for a share as derived from all London Stock Exchange trading systems. The minimum price which may be paid for an ordinary share shall be the nominal value of the share (exclusive of the expenses payable by the company in connection with the repurchase). The repurchased shares will be held as treasury shares. The authority will be valid till the next Annual General Meeting in 2020, or June 30, 2020, whichever is earlier. As at April 2, 2019, the company had 7,610,756 shares in issue and had 97,238 shares held in treasury.