MLS Multimedia S.A. (ATSE:MLS) commences share repurchases on July 1, 2016 under the program mandated by the shareholders in the Annual General Meeting held on June 30, 2016. As per the mandate, the company is authorized to repurchase up to 620,850 shares, representing 5% of its issued share capital. The shares will be repurchased at a maximum price of €10 per share and a minimum price of €1 per share. The repurchases will be pursuant to article 16 of Codified Law 2190/1920.