Burelle SA will seek shareholder approval for a share repurchase program at its forthcoming Annual General Meeting. Under the program, the company will repurchase up to 185,331 shares such that its holding in treasury does not exceed 10% of the issued share capital. The maximum amount allocated for the repurchase is 222.4 million.
The maximum price at which the shares will be repurchased is 1,200 per share. The share repurchase program is valid for 18 months.