nmcn plc (LSE:NMCN) commences share repurchases on August 22, 2019, under the program mandated by the shareholders in the Annual General Meeting held on May 16, 2019. As per the mandate, the company is authorized to repurchase up to 1,000,000 shares, representing 10% of its issued share capital. The shares will be repurchased at a minimum price of £0.10 per share and the maximum price which may be paid for a share shall be the higher of an amount equal to 105% of the average middle market quotations for the share as derived from the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which the purchase is made and the an amount equal to the higher of the price of the last independent trade of a share and the highest current independent bid for a share on the trading venue where the purchase is carried out. The program will expire at the end of the next Annual General Meeting of the company unless it is varied, revoked or renewed before that or on the date of 15 months from the date of the passing of this resolution whichever is earlier.