Creta Farm SA (ATSE:CRETA) commences share repurchases on July 21, 2016 under the program mandated by the shareholders in the Annual General Meeting held on June 22, 2016. Under the program, the company will repurchase up to 2,933,646 shares, which when added to the treasury shares represent 10% of the company's share capital. The shares will be repurchased within the price range of €0.10 per share to €7 per share. The share repurchase program is valid for two years till June 22, 2018. As of June 22, 2016, the company held 143,533 own shares. On July 14, 2016, the company announced that its Board of Directors have decided to implement the share repurchase program. The repurchases will depend on various factors such as, indicatively and not restrictively, the existence of other investment opportunities and availability of capitals.