Clipstone Logistics REIT plc commences share repurchases on January 7, 2019, under the program mandated by the shareholders in the Extraordinary General Meeting held on December 7, 2018. As per the mandate, the company is authorized to repurchase up to 3,845,000 shares, representing 6.57% of its issued share capital, for £5 million. The shares will be repurchased at a price equal to 1.5% discount to the net asset value per share as at the date of completion of the repurchase program. The company plans to use its own cash resources and distributable profits for repurchasing the shares under this program. The repurchased shares will be cancelled. The repurchase program is conditional to the sale of the warehouses. The program will be valid till June 30, 2019.