Société BIC SA (ENXTPA:BB) announces a share repurchase program. Under the program, the company will repurchase up to €40 million worth of shares. The maximum purchase price shall not exceed €100 per share.

The program is aligned with BIC's Corporate Responsibility Program and Capital Allocation Policy, and its vision and mission to create and share value with all stakeholders, providing sustainable return to shareholders. The outperformance in purchasing the share over the program's execution will be allocated to the Abdul Latif Jameel Poverty Action Lab (J-PAL) to support research programs related to Education, and the BIC Corporation Foundation for Education. The program is valid till December 22, 2022.