Billing Services Group Limited (AIM:BILL) announces a share repurchase program. Under the tender offer, the company will repurchase up to 117,647,059 shares, representing 41.7% of its issued share capital at a price of $0.0425 per share for $5 million. If shareholders have tendered less than their tender entitlement under the offer, surplus tenders will be accepted in proportion to the number of additional shares tendered so that the total number of shares purchased pursuant to the offer does not exceed 117,647,059. The purpose of offer is to provide opportunity to eligible shareholders who opt to tender their shares to the company to realize the value of their investment, providing a return of cash now and liquidity which may not otherwise be available through the market. The tendered shares will be cancelled. The offer is valid till December 14, 2017, unless extended.