The shareholders of Societe de Therapeutique Marocaine - Sothema S.A. (CBSE:SOT) authorized a share repurchase program at its Ordinary General Meeting on January 6, 2011. Under the program, Sothema will repurchase up to 36,000 shares, representing 2% of its issued capital, for MAD 48.60 million, at a maximum purchase price of MAD 1,350 per share. The repurchased shares will be sold at a minimum price of MAD 850 per share. The share repurchase program will expire after 18 months from January 13, 2011. BMCE Capital Bourse acted as the broker to the company. Societe de Therapeutique Marocaine - Sothema S.A.'s share repurchase program expired on July 13, 2012.