Symphony International Holdings Limited (LSE:SIHL) commences share repurchases on January 20, 2017, under the program mandated by the shareholders in the Annual General Meeting held on April 27, 2016. As per the mandate, the company will repurchase up to 79,161,619 shares, representing 14.99% of the share in issue. The maximum price which may be paid for any such share shall not exceed the higher of 5% above the average market value of the company’s shares for the five business days prior to the day the purchase is made and the higher of the price of the last independent trade and the highest current independent bid at the time of the purchase on the trading venues where the purchase is carried out. The shares will be repurchased on the market. The company is hereby generally and unconditionally authorized in accordance with section 59 of the BVI Business Companies Act 2004 (as amended) to make the repurchases at the discretion of the Directors and on such terms and in such manner as the Directors may from time to time determine. The program is valid until the next Annual General Meeting of the company.