Ingenuity Property Investments Limited (JSE:ING) commences share repurchases in February 2018, under the program mandated by the shareholders in the Annual General Meeting held on January 26, 2018. As per the mandate, the company is authorized to repurchase up to a maximum of 20% of its issued share capital. The shares will be repurchased at a price greater than 10% above the weighted average of the market value for the securities for 5 business days immediately preceding the date on which the repurchase is effected. The program will be valid until the company’s next Annual General Meeting, provided that it shall not extend beyond 15 months from the date of passing of the resolution. As of November 29, 2017, the company had 1,255,995,859 shares in issue.