After completion of the Company’s initial public offering, or IPO, a total of 20,000,000 preference shares, with a $0.00045 par value per share, were authorized. There were no preference shares issued and outstanding as of January 31, 2019 and 2018, respectively.

200,000,000 ordinary shares were authorized at January 31, 2019 and 2018, respectively. As of January 31, 2019 and 2018, the following ordinary shares were reserved for future issuance:

	As of January 31,
	2019		2018
Shares reserved for options, restricted stock and restricted stock units		5,915,654		5,561,653
Shares reserved for employee stock purchase plan		1,833,574		1,561,841

On June 4, 2018, our Board of Directors authorized the repurchase of up to an additional $100.0 million of our ordinary shares over a twelve-month period commencing June 5, 2018. Since the inception of the repurchase programs in June 2016, a total of $225.0 million has been authorized and a total of 3,985,876 shares have been repurchased for approximately $174.8 million in cash. Repurchases may be made from time-to-time through open market purchases, 10b5-1 plans or privately negotiated transactions subject to market conditions, applicable legal requirements and other relevant factors. The repurchase program does not obligate the Company to acquire any particular amount of ordinary shares, and it may be suspended at any time at the Company’s discretion. The repurchase program is funded using the Company’s working capital and any repurchased shares are recorded as authorized but unissued shares. There were 2,485,992 shares repurchased for approximately $99.9 million in cash for the fiscal year ended January 31, 2019. As of January 31, 2019, there was approximately $31.9 million available for repurchases under the repurchase program through June 4, 2019.