Streamwide S.A. commences an Equity Buyback Plan for 305,330 shares, representing 10% of its issued share capital for ?5 million, under the authorization approved on June 22, 2023.

Streamwide S.A. (ENXTPA:ALSTW) commences share repurchases on June 22, 2023, under the program mandated by shareholders in the Annual General Meeting held on June 22, 2023. As per the mandate, the company is authorized to repurchase up to 305,330, representing 10% of its issued share capital for ?5 million. The maximum price to be paid for repurchase in ?90 per share.

The purpose of the program is to ensure the animation of the secondary market or the liquidity of the company's shares or to avoid price shifts not justified by the market trend, to honor obligations linked to stock option programs, free share allocations, employee savings or other share allocations to employees or corporate officers of the Company or companies or companies linked to it, to deliver shares upon the exercise of rights attached to transferable securities giving access, to retain shares and subsequently transfer them or subsequently remit them for exchange or payment in the context of external growth, merger, spin-off or contribution operations and the cancellation of all or part of the shares repurchased, within the limit of 10% of the Company's capital per period of 24 months by way of reduction of the share capital. The authority is valid for the period of 18 months. As of June 22, 2023, the company had 3,053,298 shares.