Compagnie d'Assurances et de Réassurance ATLANTA SA (CBSE:ATL) announces a share repurchase program. Under the program, the company will repurchase up to 3,009,521 shares, representing 5% of the issued share capital. The shares will be repurchased at a maximum purchase price of MAD 74 per share and a minimum price of MAD 50 per share. The purpose of the share repurchase program is to regularize the share market through the issuance of buy and/or sell orders with the aim to reduce excessive fluctuations in the share price and to repurchase shares in the event of liquidity of the shares significantly at variance with the normal levels, preventing the normal formation of prices on the market. The company plans to finance the repurchase program by the mobilization of available cash amounting to MAD 8.31 million on December 31, 2015, and possibly by bank loans at current market conditions. The share repurchase program is subject to shareholder approval in the company’s Annual General Meeting. The share repurchase program is valid over a period of 18 months from commencement.