The shareholders of C.T.O. Public Company Ltd. (CSE:CTO) authorized a share repurchase program at its Extraordinary General Meeting on June 16, 2011. Under the program, the company will repurchase a maximum number of shares provided by the Law, either by private agreement or by the market repurchase. The repurchases will be in accordance with the provisions of article 57A of the Companies' Law Chapter 113 (as amended). The minimum and maximum acquisition price of shares will not exceed 5% of the average market value of shares over the last five trading sessions prior to such a purchase. The share repurchase program is valid for 12 months. Till December 31, 2011, the company has made no repurchase of own share. C.T.O. Public Company Ltd.'s share repurchase program expired on June 15, 2012.