Gaumont SA (ENXTPA:GAM) announces a share repurchase program. Under the tender offer, the company will repurchase up to 1,657,313 shares, representing 37.43% of the issued share capital, for a maximum amount of €124.29 million. The shares will be repurchased at a price of €75 per share. The purpose of the offer is to reduce the share capital and to provide an opportunity to the company’s minority shareholders to sell their shares in the company. The repurchased shares will be cancelled. The offer is subject to approval by the AMF and Gaumont's Combined Shareholders Meeting to be held on May 16, 2017. The shares will be repurchased till June 26, 2017. As of February 28, 2017, the company had 4,280,871 shares in issue and had 5,317 shares in treasury.