Sciuker Frames S.p.A. (BIT:SCK)) commences share repurchases on June 10, 2021, under the program mandated by the Ordinary Shareholders' Meeting held on April 29, 2021. As per the mandate, the company is authorized to repurchase its own shares, such that the company’s holding in treasury together with the shares repurchased does not exceed 10% of its issued share capital at any point of time. The repurchased shares may be disposed off from time to time, for pursuit of the purposes and under the conditions set out by the company. The program is valid till 18 months from the date of approval in the meeting. On June 8, 2021, the company announced a share repurchase program. Under the program, the company will repurchase €1 million worth of shares, such that the company’s holding in treasury together with the shares repurchased does not exceed 10% of its issued share capital. the purchase price of treasury shares cannot deviate down or up by more than 15% from the official price registered by the company's shares in the stock market session of the day prior to completion of every single purchase transaction. The repurchased shares will be used for to fulfill the obligations deriving from share option programs or other stock options to employees or members of the administrative or control bodies of the company or of subsidiaries, associates, in order to incentivize and retain employees, to reduce the share capital, to constitute a stock of treasury stock securities available, in line with the guidelines strategies that the company intends to pursue and to allocate to the performance of the liquidity support activity of the stock. The repurchases will commence from June 10, 2021 and the program is valid till June 10, 2022. As of June 8, 2021, the company had 5,000 treasury shares. On June 25, 2021, the company increased the amount of the buyback plan from €1 million to €2.5 million worth of shares.