S.A. Fountaine Pajot (ENXTPA:ALFPC) announces a share repurchase program. Under the program, the company will repurchase up to 140,000 shares, representing 8.4% of its issued share capital for ?16.8 million. The share repurchase price will not exceed ?120 per share.

The purpose of the program is to promote the liquidity of company's shares, free allocation of shares, or stock options, to employees or managers of the company, or the allocation or transfer of shares within the framework of employee savings plans, the retention and subsequent delivery of shares for exchange or payment within the framework financial operations or external growth, to cancel the shares and to implement any market practice that may become accepted and carry out any transaction in accordance with the regulations in force.