Societatea de Investitii Financiare Moldova S.A. (BVB:SIF2) commences share repurchases on December 15, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting held on April. As per the mandate, the company is authorized to repurchase up to 19.625 million shares, representing 2% of its issued share capital. The company will buyback shares in order to reduce its share capital, by cancelling the shares and for carrying out “stock option plans” for the distribution of shares to employees, managers and directors of the company.

The repurchases will be funded from the distributable profit or from the reserves of the company included in the last approved annual financial statement.