Softimat S.A. (ENXTBR:SOFT) commences share repurchases on March 7, 2016 under the program mandated by the shareholders in the Extraordinary General Meeting held on February 15, 2016. As per the mandate, the company is authorized to repurchase up to €3 million worth of its common stock. The shares will be repurchased at a price between €1 and €20 per share.

The program will be valid for 36 months.