The shareholders of Funespaña S.A. (CATS:FUN) authorized a share repurchase program at its General Meeting on June 26, 2013. Under the program, the company will repurchase own shares, such that its holding in treasury does not exceed 10% of its share capital. The minimum price per share to be paid will be the nominal value and the maximum price will be the trading value of the shares to be acquired in an official secondary market at the time of the repurchase.

The shares can be acquired by the purchase or any other method, of those shares of the Company that the Board of Directors considers appropriate within the limits established in this agreement. The shares will be repurchased directly or through subsidiaries. The program will be valid for a period of 18 months.