Alfa-Plam a.d. authroizes a Buyback Plan.

Alfa Plam ad Vranje is a Serbia-based company principally engaged in the production of heating devices. Its products range electrical and gas ranges and hot plates, gas furnaces, stoves, furnaces and fireplaces for floor heating, fireplaces and pellet furnaces under the brand name Alfa. The Company sells its products on Serbian market and also exports it abroad, mainly to: Bosnia and Herzegovina, Croatia, Slovenia, Macedonia, Bulgaria, Albania, Italy, Russia and Hungary, among others. In March 2013, Amasis doo Beograd increased its stake in the Company to 54.54%.