BH Global Limited (LSE:BHGU) commences share repurchases on January 26, 2018 under the program mandated by the shareholders in the Annual General Meeting held on June 26, 2017. As per the mandate, the company is authorized to repurchase up to up to 542,305 US Dollar shares and 3,323,063 Sterling shares, representing 14.99% of issued shares in each of its class. Purchases will only be made in the market at prices below the prevailing net asset value per share in the Company of the relevant class. The minimum price which may be paid for a share shall be $0.01 for shares designated as US Dollar shares and £0.01 for shares designated as Sterling shares. The maximum price which may be paid for a share of the relevant class is an amount equal to the higher of 105% of the average of the middle market quotations for a share of the relevant class on the relevant market for the 5 business days immediately preceding the date on which the share is purchased; and the higher of the price of the last independent trade for a share of the relevant class and the highest current independent bid for a share of the relevant class at the time of purchase. The repurchase authority shall expire at the annual general meeting of the company in 2018 unless such authority is varied, revoked or renewed prior to such date by a special resolution of the Company in a general meeting. As on May 19, 2017, the company had 3,617,785 US Dollar shares and 22,168,538 shares in issue and 2,751,476 shares in its treasury.