Focus Entertainment Société anonyme (ENXTPA:ALFOC) commences share repurchases on September 22, 2022, under the program mandated by the shareholders in the Ordinary and Extraordinary General Meeting held on September 22, 2022. As per the mandate, the company is authorized to repurchase its own shares, such that the company's holding in treasury together with the shares repurchased does not exceed 10% of its issued share capital at any point of time for €26.4 million. The shares will be repurchased at a maximum price of €99 per share.

The purpose of the program is the implementation of stock purchase or subscription option plans, allocation plans free shares, employee shareholding operations reserved for members of a savings plan company, the delivery of shares upon the exercise of rights attached to securities giving access to the capital of the company, their use in the context of any operation to hedge the company's commitments, retention of shares and their subsequent delivery in payment or in exchange within the framework of any external growth, merger, demerger or contribution operation and reduction of the share capital. The program is valid for a maximum period of 18 months from the date of the General Meeting that authorized the share buyback, i.e. until March 22, 2024. As of September 22, 2022, the company had 6,171,008 shares in issue excluding treasury shares.