Notorious Pictures SpA (BIT:NPI) commences share repurchases on February 12, 2016 under the program mandated by the shareholders in the Annual General Meeting held on January 29, 2016. The company will repurchase its shares in one or more times, until the allowed maximum according to section 2357, subsection 1, of the civil code, that is in the limits of distributable profits and of available reserves from the last approved financial results, equal to the maximum equivalent value of €7.08 million. The share repurchase program is valid for 18 months. As of February 10, 2016, the company had 22,491,480 shares in issue and had no shares in treasury.

On February 10, 2016, the company has commenced the repurchase program.