Ibersol, S.G.P.S., S.A. (ENXTLS:IBS) commences share repurchases on June 30, 2023, under the program mandated by the shareholders in the Annual General Meeting held on May 26, 2023. As per the mandate, the company is authorized to repurchase up to 10% of it's issued share capital. The repurchase price will be within an interval of 10% less and more than the quotation of the Company's shares on Euronext Lisbon at the close of the immediately preceding trading session the date of acquisition or constitution of the right to acquire or allocate shares or correspond to the acquisition price resulting from the law or contract or the terms of issue by the Company or Subsidiary Company of securities or other instruments convertible or exchangeable into shares. The repurchase authorization is valid till 18 months from the date of this resolution.

On May 4, 2023, the company announced a share repurchase program. Under the program, the company will repurchase up to 4,359,577 shares for €32.70 million, representing 10.29% of its issued share capital. The purpose of buyback program is reduction in the share capital. The repurchased shares will be cancelled. The repurchase program is valid till May 31, 2024.