Ymagis Société Anonyme (ENXTPA:MAGIS) commences share repurchases on May 31, 2018 under the program mandated by the shareholders in the Annual General Meeting held on June 30, 2017. As per the mandate, the company is authorized to repurchase maximum up to 763,847 shares, representing 9.64% of its shares at a maximum price of €25 per share for a maximum amount of €19.81 million. The purpose of the buyback is to ensure the animation of the secondary market or the liquidity of the company share and/or to keep the purchased shares and to return them at a later date for exchange or payment in connection with any external growth transactions and/or to ensure the coverage of stock option plans or bonus share plans for the benefit of employees or corporate officers of the company. The company cannot hold more than 10% of its capital at any given point of time. The shares so acquired may be cancelled. The plan will be valid up to December 29, 2018. As on June 28, 2017, the company had 28,800 shares in its treasury.