Ideal Group SA (ATSE:RE.) commences share repurchases on May 20, 2016 under the program mandated by the shareholders in the Annual General Meeting held on June 18, 2015. As per the mandate, the company is authorized to repurchase up to 10% of the paid-up equity capital. Repurchase will amount to 829,846 shares based on the capitalization of the company on June 18, 2015, with floor acquisition price per share of €0.01 and up to ceiling acquisition price per share of €2.50.

The share repurchase program is valid for 24 months, until the June 30, 2017.