Gofore Oyj (HLSE:GOFORE) commences share repurchases on November 1, 2023, under the program mandated by the shareholders in the Annual General Meeting held on March 24, 2023. As per the mandate, the company is authorized to repurchase up to 1,550,613 shares, such that it?s holding of own shares at any time does not exceed 10% of the total number of shares of the company at any time. Shares repurchased will be used to execute a transaction or implement share-based incentive schemes or otherwise for the purposes of further assignation, retention or cancellation. The authorization is valid until the closing of the next Annual General Meeting, however, no longer than until June 30, 2024.

On October 30, 2023, the company announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, for ?2.5 million. The repurchase will be funded with the company?s distributable unrestricted shareholders? equity. The repurchases will commence at the earliest on November 1, 2023 and shall end at the latest on January 19, 2024.