Vantage International (Holdings) Limited (SEHK:15) commences share repurchases on September 11, 2017, under the program mandated by the shareholders in the Annual General Meeting held on September 1, 2017. As per the mandate, the company is authorized to repurchase up to 168,585,040 shares, representing 10% of its issued share capital. The repurchases must be funded entirely from the company’s available cash flow or working capital facilities, which will be legally available for the purpose in accordance with the Bye-laws and the applicable laws of Bermuda. The repurchases may, depending on market conditions and funding arrangements at the time, lead to an enhancement of the net value of the company and its assets and/or its earnings per share. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual general Meeting is required to be held or the date on which the authority is varied or revoked in a General Meeting. As of September 1, 2017, the company had 1,685,850,400 shares in issue.