Groupe Flo SA will seek shareholders approval for a share repurchase program in the company's Annual General Meeting to be held on June 26, 2014. Under the program, the company will repurchase up to 10% of the share capital. The maximum price at which the shares will be repurchased is 5 per share and the maximum amount allocated for the repurchase is 20.14 million.
The share repurchase program is valid for 18 months.