Akwel SA (ENXTPA:AKW) commences a share repurchases on November 13, 2023, under the program mandated by the shareholders in the Combined General Meeting held on May 25, 2023. As per the mandate, the company is authorized to repurchase its own shares in such a way that the total shares held will not exceed 10% of the total number of shares making up the share capital of the company. The unit purchase price must not exceed 50 euros. The purpose of the program is to ensure the operation of the company's securities market by an investment service provider, operating independently within the framework of a liquidity contract, to proceed with the possible cancellation of all or part of the shares thus repurchased and to implement any market practice that may be permitted by the regulations, and more generally to carry out any operation in compliance with the regulations in force. The authorization is granted for a period of 18 months from the day of this meeting, i.e. until November 25, 2024.

On July 27, 2023, the company announced a share repurchase program. Under the program, the company has signed a share buyback agreement with the investment service provider Gilbert Dupont to repurchase a maximum of ?133.4 million, corresponding to a maximum purchase price of ?50 per share and a maximum number of shares of 2,668,060. The purpose of the program is to cancel the shares thus redeemed, under the conditions provided for by law.