Beskidzkie Biuro Consultingowe Spólka Akcyjna (WSE:BBA) commences share repurchases on June 30, 2016 under the program mandated by the shareholders in the Annual General Meeting held on June 29, 2016. As per the mandate, the company is authorized to repurchase up to 491,940 shares, representing 12% of all the shares of the company, for a total of PLN 2 million under Buyback A and Buyback B. Under Buyback A, the shares will be repurchased at a price not lower than PLN 2 per share and at a price not higher than PLN 6 per share and under Buyback B, the shares will be repurchased at a price not lower than 10% and not higher than 15% of the average price of 60 sessions preceding the date of announcement about the desire to repurchase shares. Pursuant to Buyback A, the repurchases will take place by way of blocks transactions, outside the regulated market as well as through the brokerage houses or financial institution and pursuant to Buyback B, the repurchases will be made through transactions outside the regulated market under the civil law contracts. The shares will be repurchased mainly for re-sale, for realization of the long-term incentive plan and for the current business activity. The company has decided to create a capital reserve fund which amounts to PLN 2 million to fund the repurchase of shares. 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 for a period of 60 months, but no longer than to the moment of exhausting of the financial means for repurchase.