AmRest Holdings SE (WSE:EAT) commences share repurchases on July 10, 2023, under the program mandated by the shareholders in the Annual General Meeting held on May 12, 2022. As per the mandate, the company is authorized to repurchase its own shares. The minimum price to be paid for the repurchase is nominal value of share and maximum price to be paid for repurchase should not be more than 20% of the listed price at the time of acquisition. The repurchased shares may be traded or redeemed, as well as applied to remuneration schemes, plans or agreements, in effect at any time, by providing shares and stock options to members of the Board of Directors and to management personnel of the Company or its Group, may be allocated in whole or in part to facilitate the fulfilment of these plans or agreements, as well as for the development of program that promote equity participation in the Company, such as dividend reinvestment plans, loyalty bonds or other similar instrument. The program will run for a period of 5 years.

On July 4, 2023, the company announced a share repurchase program. Under the program, the company will repurchase up to 10% of the share capital for ?6.3 million. The program will commence today and will end no later than July 4, 2024.