Prochem S.A. (WSE:PRM) commences share repurchases on February 28, 2018 under the program mandated by the shareholders in the Extraordinary General Meeting held on January 26, 2018. As per the mandate, the company is authorized to repurchase up to 960,000 shares, representing 24.65% of the issued share capital, at a price of PLN 25 per share for a maximum amount of PLN 24 million. In case the number of shares covered by offers for sale will be higher than 960,000, a proportional reduction will be made in the number of shares repurchased. The repurchases will be funded from the company’s reserve capital created for the purpose of purchasing own shares for redemption. The plan will be valid up to March 16, 2018.