The shareholders of Stokvis Nord Afrique SA (CBSE: SNA) authorized a share repurchase program at its Ordinary General Meeting on January 30, 2012. Under the program, the company expects to hold up to 459,758 shares, representing 5% of its share capital. The maximum price which may be paid for the purchase of the shares is MAD 65 per share. The authority is valid for 18 months commencing from February 7, 2012. M.S.IN acted as the broker to the company.