PannErgy Nyrt. (BUSE:PANNERGY) commences share repurchases on May 2, 2023 under the program mandated by the shareholders in the Annual General Meeting held on April 28, 2023. As per the mandate, the company is authorized to repurchase up to a quantity with which the portfolio of treasury shares does not exceed, at any time during the term of the authorization, 25% of the
total portfolio of shares issued for HUF 900 million worth of shares. The shares will be repurchased at price of at least HUF 1 but not exceeding HUF 1,670. The authorization shall be valid till April 13, 2024. As of April 28, 2023, the company had 20,000,000 issued shares and was holding 4,195,300 equity shares at the time of the General Meeting.