Hibernia REIT Plc (ISE:HBRN) commences share repurchases on August 7, 2020, under the program mandated by the shareholders in the Annual General Meeting held on July 29, 2020. As per the mandate, the company is authorized to repurchase up to 10% of the issued ordinary share capital of the company. The minimum price which may be paid for such ordinary shares shall be an amount not less than the nominal value of the ordinary shares and the maximum price will be the higher of 5% above the average of the closing prices of the company’s ordinary shares taken from the Euronext Dublin Daily Official List and/or the London Stock Exchange Daily Official List, in each case for the five business days prior to the day the purchase is made and the last independent trade and the highest current independent purchase bid for any number of such ordinary shares on the trading venue where the purchase pursuant to the authority will be carried out. The authority will expire at the conclusion of the next Annual General Meeting of the company or 15 months after the passing of the resolution whichever is earlier, unless previously varied, revoked or renewed. As of June 24, 2020, the company had 684,782,078 shares in issue.