The shareholders of ITS Group (ENXTPA:ITS) authorized a share repurchase program at its Combined General Meeting on June 29, 2012. Under the program, the company will repurchase shares such that its holding in treasury does not exceed 10% of its issued share capital. The maximum price which the company will pay for its shares is €15 per share for €8.65 million.

The acquisition or the transfer of the shares will be carried out, including in public bid period under the conditions and limits, particularly of volumes and price, forecast by the texts in force at the date of the deals considered, by all means, that it is on the market, privately or differently, by all means, bloc move, optional deals or use of derivative products. The purpose of the program is to supervise the market of security ITS Group by a service provider of investment through a liquidity contract conforming to the ethics charter recognized by Autorité des marchés financiers, to conserve the shares for later tender to the exchange or in payment within the framework of possible external growth deals initiated by the company, for the sale of the shares to the employees and corporate agents of the companies of the group within the framework of plans of acquisition or attribution of shares profiting the people and to tender the shares at the time of the exercise of rights attached to transferable securities giving access by all means immediately or in the long term, conversion, exercise, payment or exchange, with the attribution of shares of the company, under the conditions forecast by the market authorities. The maximum share of the capital acquired or transferred in the form of blocks from securities will be able to reach the totality of the program.

The program will be valid for a period of 18 months.