Carmila S.A. (ENXTPA:CARM) commences share repurchases on January 9, 2018, under the program mandated by the shareholders in the Annual General Meeting held on June 12, 2017. As per the mandate, the company is authorized to repurchase its own shares such that, at the date of each purchase, the total number of shares purchased by the company since the beginning of the buyback program, does not exceed 10% of the shares of the company’s share capital. The shares will be repurchased for a total consideration of €50 million. The maximum price for which the shares may be purchased will be €50 per share. The purpose of the program is to implement company's stock option schemes, granting or selling shares to employees under the French statutory profit-sharing scheme and/or the implementation of any employee savings plan, granting free shares, delivering shares upon the exercise of rights attaching to securities granting access to the share capital through redemption, conversion, exchange, presentation of a warrant, or any other means, or cancelling some or all of the shares so purchased. The program will be valid for a period of 18 months, until December 11, 2018. On April 20, 2018, the company announced that it granted a mandate to an investment services provider to repurchase up to a limit of 28,923 shares, for a unit price not exceeding the €50 per share. The shares will be distributed to beneficiaries of a free share plan. The mandate is signed for a period ending on June 15, 2018.