High Co. SA (ENXTPA:HCO) commences share repurchases on May 16, 2022, under the program mandated by the shareholders in the Ordinary General Meeting held on May 16, 2022. As per the mandate, the company is authorized to repurchase its own shares, such that the company's holding in treasury does not exceed 10% of its issued share capital.

The maximum funds to be allocated by the company for the purpose of purchasing the shares is €22.4 million. The shares will be repurchased at a maximum purchase price of €10 per share. The repurchased shares will be retained and subsequently remitted for exchange or payment in the context of transactions possible external growth; to cover stock option plans and/or free share plans for the benefit of employees and/or corporate officers of the group as well as all allocations of shares under a company or group savings plan in respect of profit-sharing the company and/or any other form of allocation of shares to employees and/or corporate officers of the group; or used to ensure the coverage of transferable securities giving right to the allocation of shares of the company within the framework of the regulations in force; or will be cancelled subject to the authorization to be granted by this General Meeting of shareholders.

The program is valid for a period of 18 months. As at May 16, 2022, the company has 22,421,332 shares in issue.