Thales S.A. (ENXTPA:HO) commences share repurchases on May 24, 2021, under the program mandated by the shareholders in the Annual General Meeting held on May 6, 2021. As per the mandate, the company is authorized to repurchase not more than 10% of its own shares. The shares may be repurchased at a price not more than €140 per share. The repurchased shares may be used for allocation to employees and executives of the company and/or to retain shares for later use in connection with external growth transactions, or a merger, demerger or contribution and/or to ensure trading in the shares through a liquidity contract. The shares will be repurchased such that the company cannot at any time hold more than 10% of its share capital. The repurchased shares may also be cancelled. The plan will be valid for 18 months from the Annual General Meeting.