E-Pango SA commences an Equity Buyback Plan for 10% of its issued share capital, for €2 million, under the authorization approved on July 22, 2022.

E-Pango SA (ENXTPA:ALAGO) commences share repurchases on November 28, 2022, under the program mandated by the shareholders in the Annual General Meeting held on July 22, 2022. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital, for €2 million. The shares will be repurchased at a price of not more than €9 per share. The purpose of the program is to ensure liquidity, cancel shares purchased as part of a capital reduction, use all or part of the shares acquired to implement stock option plans, free share allocation plans, employee shareholding operations reserved for members of a company savings plan. The plan will be for 18 months.

On November 25, 2022, the company announced a share repurchase program. Under the program, the company will repurchase up to €0.1 million worth of its shares.