L.D.C. S.A. (ENXTPA:LOUP) commences share repurchases on May 2, 2017 under the program mandated by the shareholders in the Annual General Meeting held on August 25, 2016. As per the mandate, the company is authorized to repurchase up to 5% of the share capital, such that the number of shares taken into account for the calculation of this limit corresponds to the number of shares purchased, less the number of shares resold for the duration of the program under the liquidity objective. The maximum price at which the shares will be repurchased is €300 per share and the maximum amount allocated for the repurchase is €124.63 million. The repurchased shares will be used to facilitate the secondary market or the liquidity of the company’s shares through an investment service provider through a liquidity contract or will be retained and subsequently delivered for exchange or payment in the context of possible external growth transactions, or will be used to ensure the coverage of stock option plans and/or share plans granted free of charge to the benefit of employees and/or corporate officers of the Group, shares in respect of a company or group savings plan, in respect of participation in the results of the undertaking and/or any other form of allocation of shares to employees and/or corporate officers of the group, or to ensure the hedging of securities giving right to the allocation of shares of the company under the regulations in force, or for cancellation. The share repurchase program is valid for 18 month, until February 24 2018.