Fleury Michon SA (ENXTPA:FLE) commences share repurchases on March 1, 2018 under the program mandated by the shareholders in the Annual General Meeting held on May 23, 2017. As per the mandate, the company is authorized to repurchase up to a maximum of 10% of the issued share capital. The shares will be repurchase at a price not less than €25 per share and not more than €85 per share, for a total consideration of not more than €15 million. The purpose of the plan is to stabilize company’s share price by trading via investment services provider within the framework of liquidity contract, acquire shares for conservation and issued later in the exchange or in payment within the framework of external growth deals, cover for the exercise of conversion options, exchange or any other mechanism of transferable securities giving right to the attribution of shares, either to allot them to the employees or to the directors or within the framework of call options of shares, or more generally within the framework of any sale and/or attribution of shares to employees within the framework of legal provisions or to cancel them. The plan will is valid for a period of 18 months. As of June 30, 2017, the company had 4,147,784 shares in outstanding.