Mortice Limited (AIM:MORT) commences share repurchases on October 11, 2017 under the program mandated by the shareholders in the Extraordinary General Meeting held on September 6, 2017. As per the mandate, the company is authorized to repurchase up to 2,333,100 ordinary shares, at a purchase price of £1 per share for a total of £2.33 million. The company will repurchase its shares from Grae Macintosh Scott and Jonathan Smith, the vendors of Office & General Group Limited.