Fast Ejendom Danmark A/S (CPSE:FED) commences share repurchases on April 24, 2017 under the program mandated by the shareholders in the Annual General Meeting held on April 20, 2017. As per the mandate, the company is authorized to repurchase its own shares of up to 20% of the shares issued by the company at the current market price of +/- 10 %, however, maximum corresponding to the net asset value of the company's shares. The program will run over a period of 5 years from the date of General Meeting. On April 20, 2017, the Board of Directors of the company initiated a buyback program. Under the program, the company will purchase its own shares up to a maximum value of DKK 10 million. The repurchases shall not take place at a share price exceeding the highest of the share price of the most recent independent trade and the highest available independent offer price at Nasdaq Copenhagen A/S at the time of trading, however, not higher than the corresponding most recent published net asset value of the company's shares. The purpose of the share buyback is to reduce the company's capital. The share buyback program will run from April 24, 2017 until April 12, 2018.