Ariana Resources plc (AIM:AAU) commences share repurchases on January 4, 2019, under the program mandated by the shareholders in the Annual General Meeting held on June 29, 2018. As per the mandate, the company is authorized to repurchase up to 50,000,000 shares. The minimum price which may be paid for an ordinary share is 0.1 pence and the maximum price to be paid for an ordinary shares will be an amount equal to 100% of the volume weighted average price of an ordinary share for the thirty business days prior to the date of purchase. The shares purchased shall be either be cancelled immediately upon completion of the purchase or be held, sold, transferred or otherwise dealt with as treasury shares in accordance with the provisions of the Act. The authority will expire on the earlier of the conclusion of the next Annual General Meeting or 15 months.