Van de Velde NV (ENXTBR:VAN) commences share repurchases on March 2, 2023, under the program mandated by the shareholders in the Extraordinary General Meeting held on April 27, 2022. As per the mandate, the company is authorized to repurchase its own shares. The authority is valid for 5 years.

On March 1, 2023, the company announced a share repurchase program. Under the program, the company will repurchase ?15 million worth of its shares. The goal of this buy-back program is to reduce the cash surplus of the company. The repurchases will commence from March 2, 2023, and the program is valid for a year.