Proact IT Group AB (publ) (OM:PACT) commences share repurchases on July 25, 2017 under the program mandated by the shareholders in the Annual General Meeting held on May 9, 2017. As per the mandate, the company is authorized to repurchase its own shares such that the number of shares repurchased together with any new shares issued, shall not exceed more than 10% of the outstanding number of shares. The share repurchase program is valid until the conclusion of the company’s next Annual General Meeting in 2018. On July 20, 2017, the Board of Directors of the company decided to initiate the repurchase program.