Patrimoine et Commerce SA commences an Equity Buyback Plan for 1,508,308 shares, representing 10% for €45.55 million, under the authorization approved on June 16, 2022.

Patrimoine et Commerce SA (ENXTPA:PAT) commences share repurchases on June 16, 2022, under the program mandated by the shareholders in the Annual General Meeting held on June 16, 2022. As per the mandate, the company is authorized to repurchase up to 1,508,308 shares, representing 10% of its issued share capital for a total of €45.55 million. The shares will be repurchased at a price of €30 per share.

The shares repurchased may be held for subsequent delivery of shares (in exchange, payment or otherwise) in connection with external growth operation. The repurchase program is valid for 18 months.