BOA Concept SAS (ENXTPA:ALBOA) commences share repurchases on February 9, 2023, under the program mandated by the shareholders in the Ordinary General Meeting held on June 30, 2022. As per the mandate, the company is authorized to repurchase shares, such that the company's holding in treasury together with the shares repurchased does not exceed 10% of its issued share capital at any point of time, for €2 million. The maximum purchase price per share by the company of its own shares may not exceed €75.

The repurchased shares will be used for the implementation of stock option plans, free share allocation plans, employee shareholding operations reserved for members of a company savings plan, in accordance with legal provisions in force, or the allocation of shares for the benefit of employees and/or executive corporate officers of the Company and of companies affiliated with it, the delivery of shares upon the exercise of rights attached to securities giving access to the capital of the Company, to hedge the Company's commitments in respect of financial instruments relating in particular to the evolution of the price of the Company's shares, the retention of the shares and their subsequent delivery in payment or in exchange within the framework of any external growth, merger, demerger or contribution operations, the total or partial cancellation of the shares by reducing the share capital. The program is valid till December 29, 2023.