Follie Follie Group SA (ATSE:FFGRP) commences share repurchases on June 24, 2014, under the program mandated by the shareholders in the Annual General Meeting held on June 20, 2014. As per the mandate, the company is authorized to repurchase up to 6,694,821 shares, representing 10% of its shares. The minimum price which the company will pay for its own shares is €4 per share and the maximum price is €40 per share.

The program implementation will depend on several factors including, without limitation, the existence of other investment opportunities and the availability of funds. The program will be valid till June 14, 2015.