Intek Group S.p.A. (BIT:IKG) commences share repurchases on May 13, 2021, under the program mandated by the shareholders in the Annual General Meeting held on June 29, 2020. As per the mandate, the company is authorized to repurchase its own shares. The authorization is valid for a period of 18 months. On May 12, 2021, the company announced a share repurchase program. Under the program, the company will repurchase up to 3,000,000 shares, representing 0.78% of its issued share capital for €1 million. The shares will be repurchased at the highest price of the last transaction price and the price of the current highest independent purchase offer on the MTA and it being understood that the aforesaid consideration cannot in any case be lower in the minimum and higher in the maximum of 15% compared to at the reference price that the ordinary security recorded in the trading session preceding each individual transaction of purchase or the date on which the price is fixed. The purpose of the program is to support the liquidity of company's ordinary shares. The repurchase program will expire on June 6, 2021.