UTIB INVL Technology (NSEL:INC1L) commences a share repurchases on October 27, 2021, under the program mandated by the shareholders in the Ordinary General Meeting held on April 29, 2021. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital. The maximum per share acquisition price will be the last announced net asset value per share and the minimal per share acquisition price will be ?0.29 per share. The program is aimed at discount reduction between the net asset value and the market share price of the company and the possibility to sell its shares to the shareholders. The program will be valid for a period of 18 months. On October 26, 2021, the company announced a share repurchase program. Under the program, the company will repurchase up to 121,753 shares, for ?0.33 million. The shares will be repurchased at a price of ?2.74 per share. The repurchases will commence on October 27, 2021 and will end on November 10, 2021.