JPMorgan US Smaller Companies Investment Trust plc (LSE:JUSC) commences share repurchases on June 15, 2020, under the program mandated by the shareholders in the Annual General Meeting held on May 29, 2020. As per the mandate, the company is authorized to repurchase up to 8,779,467 shares, representing 14.99% of its issued share capital. The minimum price which may be paid for an ordinary share shall be 2.5 pence and the maximum price which may be paid for an ordinary share shall be an amount equal to 105% of the average of the middle market quotations for an ordinary share taken from and calculated by reference to the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which the ordinary share is contracted to be purchased, or the price of the last independent trade or the highest current independent bid. The authority shall expire on October 28, 2021, unless the authority is renewed at the company’s next Annual General Meeting or at any other general meeting prior to such time.