Jacquet Metals SA (ENXTPA:JCQ) commences share repurchases on July 11, 2023, under the program mandated by the shareholders in the Annual General Meeting held on June 30, 2023. As per the mandate, the company is authorized to repurchase up to 2,302,273 shares, representing 10.16% of its issued share capital for ?113.11 million, such that its holding in treasury does not exceed 10% of its share capital. The maximum purchase price set by the General Meeting is equal to ?50 per share.

The objective of the buyback program is to promote the liquidity of transactions and the regularity of quotations of the securities of the company or avoid price discrepancies not justified by the market trend within the framework of a liquidity contract, allocate the shares to corporate officers or employees of the company and / or its group companies, deliver the shares upon the exercise of rights attached to securities giving right, immediately or in the future, by redemption, conversion, exchange, presentation of a warrant or in any other way to the allocation of shares of the company, keep the shares and subsequently remit them for payment or exchange in the context of possible external growth operations and totally or partially cancel the shares by reducing the share capital. The authority will be valid for a period of 18 months. As of June 28, 2023, the company had 22,707,209 issued shares and 46,961 treasury shares.