Boiron SA (ENXTPA:BOI) commences share repurchases on March 21, 2018, under the program mandated by the shareholders in the Annual General Meeting held on May 18, 2017. As per the mandate, the company is authorized to repurchase up to 10% of its share capital, for a total consideration of €291.22 million. The shares will be repurchased at a price of €150 per share. The shares repurchased will be cancelled, to keep the purchased shares and to return them at a later date for exchange or payment in the context of potential acquisitions, to ensure the coverage of securities giving right to the allocation of shares of the company under the regulations in force. The program will be valid for a period of 18 months. On September 5, 2018, the company announced that the Board of Directors have decided to reallocate the shares bought back for the purpose of financing external growth operations to the cancellation objective.