Telelink Business Services Group AD (BUL:TBS) announces a share repurchase program. Under the program, the company will repurchase up to 3% of its issued share capital. The shares will be repurchased at a price falling in the price range from BGN 7.4 per share to BGN 11 per share. The purpose of the program is to incentivize its employees through stock options. The repurchased shares shares will be used for investment activities and/or employee stock ownership plan. The program is subject to approval from shareholders in the Extraordinary General Meeting to be held on June 30, 2020. The program is valid till the end of 2020.