HF Company SA (ENXTPA:HF) commences share repurchases on November 23, 2020, under the program mandated by the shareholders in the Combined General Meeting held on June 19, 2020. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital for a maximum amount of €20.05 million. The shares will be purchased at a price not more than €60 per share. The purpose of the program is to ensure the animation of the secondary market or the liquidity of the company, to keep the shares purchased and subsequently deliver them for exchange or payment in connection with any external growth operations, to ensure the coverage of marketable securities, to ensure coverage of stock option plans and/or share plans allocated free of charge for the benefit of employees and/or corporate officers of the group as well as all share allocations under a plan company or group savings, in respect of participation in company results and/or all other forms of share allocation to employees and/or corporate officers of the group and to proceed with the possible cancellation of the shares acquired.