Grenobloise d'Electronique et d'Automatismes SA will seek shareholder approval for a share repurchase program at its General Meeting to be held on March 31, 2014. Under the program, the company is authorized to repurchase up to 115,088 own shares, representing 10% of its share capital. Repurchases will be made at a maximum acquisition cost of €120 per share, for a total of €7.2 million.

The share buyback program will be valid for a period of 18 months, until September 30, 2015.