SES-imagotag Société Anonyme (ENXTPA:SESL) commences share repurchases on October 30, 2023, under the program mandated by the shareholders in the Annual General Meeting held on June 23, 2023. As per the mandate, the company is authorized to repurchase it's own shares, such that the company?s holding in treasury together with the shares repurchased does not exceed 5% of its issued share capital at any point of time. The maximum repurchase price of shares may not exceed ?250 per share.

The purpose of repurchase program is to improve liquidity. The repurchased shares will be cancelled or used for exchange or in payment as part of potential future growth by acquisition, to cover the Group?s performance share plans, which are attributed to key employees to involve them in the creation of long-term. The repurchase authorization is valid for 18 months.