BBI Development Spolka Akcyjna (WSE:BBD) commences share repurchases on December 7, 2015 under the program mandated by the shareholders in the Annual General Meeting held on June 26, 2015. As per the mandate, the company is authorized to repurchase up to 5,800,000 shares, at a price not lower than the nominal value of the shares and at a price not higher than PLN 2 per share. The repurchases will take place on the regulated market. The shares will be repurchased for redemption and reduction of the share capital. The company, in order to finance the acquisition of its own shares, decides to create a capital reserve fund which amounts to PLN 2.92 million. The management has been authorized to take all legal actions connected with the purchase of the treasury shares on conditions and under the mode fixed in the repurchase program. The share repurchase program is valid until June 30, 2016.

On December 2, 2015, the Board of Directors commenced the repurchase program. The company will repurchase 5,800,000 shares for PLN 2.92 million.