AB East West Agro commences an Equity Buyback Plan for 100,000 shares, representing 10% of its issued share capital, under the authorization approved on May 7, 2020.

AB East West Agro (NSEL:EWA1L) commences share repurchases on June 5, 2020, under the program mandated by the shareholders in the Annual General Meeting held on May 7, 2020. As per the mandate, the company is authorized to repurchase up to 100,000 shares, representing 10% of its issued shares. The shares will be repurchased at a minimum price of €4 per share and at a maximum price of €20 per share. The purpose of share repurchases is to provide liquidity of shares in the alternative First North market when its not sufficient in the opinion of the management. The repurchase program will be valid for 18 months. As of April 15, 2020, the company had 1,000,000 shares in issue. On June 2, 2020, the company announced a share repurchase program. Under the program, the company will repurchase up to 9,000 shares for €0.05 million. The shares will be repurchased at a price of €5.7 per share. The shares repurchased will be granted to employees.