Water Intelligence plc (AIM:WATR) commences share repurchases on January 4, 2017, under the program mandated by the shareholders in the Annual General Meeting held on July 7, 2016. As per the mandate, the company is authorized to purchase up to 2,000,000 ordinary shares, representing 18.83% of issued share capital. The minimum price which may be paid for an ordinary share is £0.01 and the maximum price which may be paid for an ordinary share is an amount equal to 105% of the average of the middle market quotations for an ordinary share (as derived from the Daily Official List) for the five business days immediately preceding the date on which the ordinary share is contracted to be purchased. The company will make market repurchases of the ordinary shares. The program shall expire at the conclusion of the next Annual General Meeting of the company unless such authority is varied, revoked, or renewed prior to such time by the company in General Meeting by special resolution. As of March 30, 2016, the company had 10,617,720 shares in issue.