SCI AG (HMSE:SCI) commences share repurchases on August 15, 2018, under the program mandated by the shareholders in the Annual General Meeting held on August 15, 2018. As per the mandate, the company is authorized to repurchase shares up to 10% of the issued share capital. If the shares are purchased via the stock exchange, the purchase price per share (excluding ancillary costs) may be the average market price of the share on the last five trading days prior to the share purchase, based on the arithmetic mean of the closing price of the share in trading the stock exchange on which the repurchase is to take place shall not exceed more than 10 percent and shall not fall below 30 percent and if the repurchases are made via a public offer to all shareholders, the offer price (excluding incidental acquisition costs) may not exceed the net asset value (NAV) per share determined by the executive board by more than 10 percent and may not fall below 30 percent. The repurchase program is valid till August 14, 2023.