Mortice Limited (AIM:MORT) commences share repurchases on August 12, 2019, under the program mandated by the shareholders in the Extraordinary General Meeting held on August 7, 2019. As per the mandate, the company is authorized to repurchase up to 8,130,755 shares, representing 15.22% of its issued share capital. The shares repurchased will be cancelled. The share repurchases will be funded from internal sources of funds comprising cash, liquidation of investments and fixed deposits or borrowings or a combination of both to finance the purchase or acquisition of shares. The program is valid till August 21, 2019. As of September 24, 2018, the company had 53,417,440 ordinary shares are issued and outstanding.