Miton Group plc (AIM:MGR) commences share repurchase program on December 13, 2018, under the program mandated by the shareholders in the Annual General Meeting held on May 8, 2018. As per the mandate, the company is authorized to repurchase up to 17,261,868 shares, representing 10% of the issued ordinary share capital. The minimum repurchase price per share will be 0.1 pence per share 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 2019 or, if earlier, on June 30, 2019. As of March 22, 2018, the company had 172,635,411 ordinary shares in issue and had 16,726 shares in treasury. On December 11, 2018, the company has given an irrevocable instruction to Liberum Capital Limited to acquire up to 5,502,180 ordinary shares. The maximum price at which the company can purchase shares will be the higher of 105% of the average mid-market close price for the five business days up to and including December 12, 2018, the last independent trade on December 12, 2018 and the highest independent bid on the London Stock Exchange at market close on December 12, 2018. The minimum price of the buyback will be 100% of the average mid-market close price for the five business days up to and including December 12, 2018. The repurchased shares will be cancelled. The shares will be repurchased reduce the dilution from the shares recently issued to participants of the Growth Share Plan. The repurchases will be made on December 13, 2018.