Largo SA (ENXTPA:ALLGO) commences share repurchases on December 11, 2023, under the program mandated by shareholders in the Annual General Meeting held on June 22, 2023. As per the mandate, the company is authorized to repurchase up to 10% of its share capital for ?1.5 million. The shares must be repurchased such that the holding of company's own shares do not exceed 10% if it is repurchasing for the purpose of promoting liquidity shares of the Company and 5% if it is for the purpose of their conservation and their subsequent delivery in payment or in exchange within the framework of a merger, division or contribution operation.

The maximum price to be paid for repurchase is ?25 per share. The purpose of the program is to ensure the animation of the secondary market or the liquidity of the Company's shares within the framework of the liquidity contract concluded with an investment services provider, to ensure coverage of stock option plans and/or free share plans (or similar plans) for the benefit of employees and/or corporate officers of the group as well as all allocations of shares under a company or group savings plan, to ensure coverage of transferable securities giving right to the allocation of company shares, to retain the purchased shares and subsequently remit shares for exchange or payment in the framework for possible external growth operations and to proceed with the possible cancellation of the shares acquired. The authorization will be valid for 18 months.