Wavestone SA (ENXTPA:WAVE) commences share repurchases on July 28, 2022, under the program mandated by the shareholders in the Combined Ordinary and Extraordinary General Meeting held on July 28, 2022. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital. The purpose of the program is to honor obligations related to the issue of shares giving access to the capital, employee shareholding and cancellation by way of a capital reduction and liquidity contract.

The shares will be repurchased at a price € 139 per share for other cases (except liquidity contract for which it is € 104 per share). The program is valid for 18 months.