Invesco Income Growth Trust plc (LSE : IVI) commences share repurchases on September 28, 2020, under the program mandated by the shareholders in the Annual General Meeting held on September 10, 2020. As per the mandate, the company is authorized to repurchase up to 8,776,874 shares, representing 14.99% of its issued share capital. The minimum price which may be paid for an ordinary share will be 25 pence. The maximum price which may be paid for an ordinary share will the higher of 5% above the average of the middle market quotations for the ordinary shares for the five business days immediately before the day on which purchase is made and the higher of the price of the last independent trade and the highest current independent bid for the ordinary shares on the London Stock Exchange. The repurchased shares will be cancelled or held as treasury shares. The authority shall expire at the conclusion of the Annual General Meeting of the company or, after 15 months, whichever is earlier unless such authority is renewed, revoked, or varied prior to such time. As of July 1, 2020, the company had 58,551,530 shares in issue.