Pantheon International PLC (LSE:PIN) commences share repurchases on January 10, 2019, under the program mandated by the shareholders in the Annual General Meeting held on October 31, 2018. As per the mandate, the company will repurchase up to 8,111,756 shares, representing 14.99% of its issued share capital. The minimum price which may be paid for a share is £0.67 per share. The maximum price which may be paid for an ordinary share shall be the higher of 5% above the average of the middle market quotations for the ordinary shares as derived from the London Stock Exchange’s Daily Official List for the five business days before the purchase is made and the higher of the price of the last independent trade and the highest current independent bid on the London Stock Exchange. The plan will expire at the conclusion of next Annual General Meeting or 18 months from the date resolution is passed whichever is earlier, unless renewed, varied or revoked. As at May 31, 2018, the company had 54,114,447 shares in issue and had no shares held in treasury.