La Française de l'Energie S.A. (ENXTPA:FDE) commences share repurchases on April 3, 2024, under the program mandated by the shareholders in the Annual General Meeting held on November 30, 2023. As per the mandate, the company is authorized to repurchase it's own shares.

On March 28, 2024, the company announced a share repurchase program. Under the program, the company will repurchase ?50 million worth of shares. The repurchases will be financed through available cash. The repurchase program will enhance the per-share intrinsic value. The repurchase program is valid for 12 months.