Loulis Mills S.A. (ATSE:KYLO) commences share repurchases on January 8, 2015, under the program mandated by the shareholders in the Extraordinary General Meeting held on January 8, 2015. As per the mandate, the company is authorized to repurchase up to 1,712,506 shares, representing 10% of the issued ordinary share capital. The purchase price range is designated between €1 and €5 per share.

At least the 90% of repurchased share will be cancelled and remaining 10% can be distributed to the employees followed by the Board of Directors decision. The plan will be valid for 24 months or till January 7, 2017.