Bowim S.A. (WSE:BOW) commences share repurchases on May 19, 2014 under the program mandated by the shareholders in the Extraordinary General Meeting held on March 7, 2014. As per the mandate, the company is authorized to repurchase up to 1,184,040 ordinary bearer shares from Konsorcjum Stali SA. The shares will be acquired for resale.

The shares will be repurchased from the company's capital reserve of PLN 12.2 million. The shares will be repurchased through the intermediary of the subsidiaries of the company, brokerage houses or other entities acting on behalf of the company. The management has been authorized to take all legal actions connected with the purchase of the treasury shares on conditions and under the mode fixed in the resolution.

The share repurchase program is valid until January 1, 2018, but no longer than to the moment of exhausting of the financial means for repurchase.