ELANA Agrocredit AD commences an Equity Buyback Plan for 10% of its issued share capital, under the authorization approved on September 30, 2020.

ELANA Agrocredit AD (BUL:0EA) commences share repurchases on October 19, 2020, under the program mandated by the shareholders in the Extraordinary General Meeting held on September 30, 2020. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital. The minimum price which may be paid for each ordinary share is BGN 0.90 and the maximum price which may be paid for each ordinary share is BGN 1.10. The program is valid for 5 years from the date of passing of the resolution. On October 13, 2020, the company announces a share repurchase program. Under the program, the will repurchase up to 400,000 shares. The minimum price which may be paid for each ordinary share is BGN 0.90 and the maximum price which may be paid for each ordinary share is BGN 1.10. The program will commence on October 19, 2020 and is valid till November 30, 2020.