Assima Plc (ENXTPA:ALSIM) commences share repurchases on March 14, 2016 under the program mandated by the Extraordinary General Meeting held on February 3, 2016. As per the mandate, the company is authorized to repurchase up to the company will repurchase up to 450,000 shares. The minimum price which may be paid for any such share is €1.5. The maximum price which may be paid for any such share is €3.5 or an amount equal to 105% of the average of closing price of ordinary shares of the company on the AlterNext for the five business days immediately before the day on which such share is contracted to be purchased, whichever is higher.

The shares repurchased will be cancelled or, to the extent determined by the directors and permitted by law, be held as treasury shares for use in an employee share option scheme or payment for acquisitions. The authority will expire on February 3, 2017 or if later, the next AGM.