The Board of Directors of Orchestra Premaman Société Anonyme (ENXTPA:KAZI) authorized a tender offer on November 27, 2012. Under the offer, the company will repurchase up to 391,002 own shares, representing 10% of its total share capital. Such shares will be repurchased at a price of €12 per share, for a maximum cost of €4.69 million.

Purpose of the plan is to cancel repurchased shares and to write-off the capital. If the number of shares contributed by the shareholders to the offer would be higher than the number of shares aimed at by the offer, then the repurchases will be made proportionally. The tender offer is subject to approval of the shareholders of the company at its Mixed General Assembly to be held on January 14, 2013.