Bourse Direct SA (ENXTPA:BSD) commences share repurchases on May 14, 2020, under the program mandated by the shareholders in the Annual General Meeting held on May 14, 2020. Under the plan, the company will repurchase up to 10% of its shares for €5.47 million. The shares will be repurchased at a maximum price of €3.50 per share. The shares acquired under this authorization may be acquired, with a view to the allocation of shares within the framework of capital increases reserved for group employees at the under purchase option plans that would be granted to employees, delivery of shares by way of payment or exchange or hedging obligations linked to securities debt, in the context of external growth operations, the cancellation of all or part of these shares by capital reduction in order to optimize the result by company share and to promote the liquidity of transactions and the regularity of quotations of the issuer's securities or avoid price shifts not justified by the market trend through a liquidity contract. This authorization will run for a period of 18 months from the date of approval.