Austriacard Holdings AG (ATSE:ACAG) commences share repurchases on January 30, 2024, under the program mandated by shareholders in the Annual General Meeting held on June 30, 2023. As per the mandate, the company is authorized to repurchase its own shares. The shares must be repurchased such as the holding of the shares does not exceed 10% of the share capital. The minimum price to be paid for repurchase is ?1 per share. The maximum price to be paid for repurchase should not exceed 20% above the volume-weighted average price of the last 20 trading days preceding the respective purchase. The authorization will be valid for 30 months. As of June 30, 2023, the company had 16,002,763 shares in issue.

On December 18, 2023, the company announced a repurchase program. Under the program, the company will repurchase up to 727,077 shares, representing 2% of its share capital for ?5.82 million. The maximum price to be paid for repurchase should not exceed ?12 per share. The repurchases will commence from December 22, 2023, and will end no later than June 21, 2024.