SIF Banat-Crisana (BVB:SIF1) commences share repurchases on October 11, 2016, under the program mandated by the shareholders in the Annual General Meeting held on October 11, 2016. As per the mandate, the company is authorized to repurchase up to 20,000,000 shares. The shares will be purchased at a minimum price of RON 0.5 per share and at a maximum price of RON 3.41 per share. The purpose of the program is to reduce its share capital. The program will expire 12 months after the publication of the decision in the Official Gazette of Romania, Part IV.