Elastron S.A. (ATSE:ELSTR) commences share repurchases on October 25, 2016 under the program mandated by the shareholders in the Annual General Meeting held on June 9, 2016. As per the mandate, the company is authorized to repurchase up to 1,830,016 shares, representing 9.93% of its issued share capital. The repurchases will be made through Athens Stock Exchange. The program will be in accordance to article 16 of the Codified Law 2190/20. The program will be implemented in a time period of 24 months beginning on the day following the approval by the General Meeting.