Miton Group plc (AIM:MGR) commences share repurchase program on November 30, 2017, under the program mandated by the shareholders in the Annual General Meeting held on April 27, 2017. As per the mandate, the company is authorized to repurchase up to 8,546,063 shares, representing approximately 5% of the issued ordinary share capital. The minimum repurchase price per share will be 0.1 pence and the maximum price will be no more than 105% of the average of the middle market quotations for an ordinary share as derived from the London Stock Exchange Daily Official List for the five business days immediately preceding the day of purchase and the higher of the price of the last independent trade and the highest current independent bid on the London Stock Exchange at the time the purchase is carried out. Unless previously revoked or varied, the share repurchase program will expire at the conclusion of next year’s Annual General Meeting in 2018 or, if earlier, on July 26, 2018, save that the company may, before such expiry, enter into a contract for the purchase of ordinary shares which would or might be completed wholly or partly after such expiry and the company may purchase ordinary shares pursuant to any such contract as if this authority had not expired. On November 30, 2017, the company initiated a share repurchase program. Under the program, the company will acquire up to 8,546,063 ordinary shares. The repurchased shares will be cancelled. The shares will be repurchased in order to ameliorate the dilution from the shares recently issued to participants of the Growth Share Plan. As of November 29, 2017, the company had 181,181,474 issued share capital and 16,726 shares held in treasury.