Grenergy Renovables, S.A. (BME:GRE) commences share repurchases on December 2, 2022, under the program mandated by the Annual General Meeting held on June 29, 2021. As per the mandate, the company is authorized to repurchase its own shares. The price to be paid for repurchase shall not be lower than the par value of the share and shall not exceed ?50 per share or the price at which shares are traded in a regulated market as of the date of acquisition, if higher. The authorization will be valid for 5 years.

On November 24, 2022, the company announced a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 1.3% of its share capital, for ?16 million. The purpose of the program is to remunerate the company's key personnel through stock option plans. The company will not purchase shares at a price higher than the highest of the price of the last independent operation and the highest independent offer at that moment in the negotiation where the purchase is made regarding the trading volume. The program will commence from November 25, 2023 and will expire on June 30, 2023.