Relais Group Oyj (HLSE:RELAIS) commences share repurchases on May 8, 2024, under the program mandated by shareholders in the Annual General Meeting held on April 10, 2024. As per the mandate, the company is authorized to repurchase up to 1,813,231 shares. The minimum price to be paid for repurchase equals the lowest market price quoted in public trading during the authorization period and the maximum price to be paid for repurchase equals the highest market price quoted in public trading during that period.

The purpose of the program is to develop its capital structure, finance or implement any corporate acquisitions or other transactions, implement share-based incentive plans, pay board fees or otherwise transfer or cancel the repurchased shares. The authority will be valid till next Annual General Meeting to be held in 2025 or June 30, 2025.