SCOR SE (ENXTPA:SCR) commences share repurchases on July 28, 2023, under the program mandated by the shareholders in the Annual General Meeting held on May 25, 2023. As per the mandate, the company is authorized to repurchase its own shares, such that the company?s holding in treasury does not exceed 10% of its issued share capital. The shares will be repurchased at a maximum price of ?60 per share.

The purpose of the repurchase program is to enhance the liquidity to the company?s shares by an investment service provider through a liquidity contract in accordance with the regulations; and for setting-up, implementation or hedging of any stock option plans, other plans for allocation of shares and, generally, any form of allocation to employees and/or corporate officers of the company and/or of affiliated companies, and for purchase of shares for retention and subsequent remittance in exchange or as payment, in particular in conjunction with financial or external growth transactions; and for compliance with all obligations related to the issuance of securities granting access to capital; and for cancellation. The program will be valid till the next Annual General Meeting in 2024, or 18 months from the passing of this resolution, whichever is earlier.