Ion Beam Applications SA (ENXTBR:IBAB) commences a share repurchases on January 13, 2021, under the program mandated by the shareholders in the Extraordinary General Meeting held on March 10, 2020. As per the mandate, the company is authorized to repurchase its own shares. On December 18, 2020, the company announced a repurchase program. Under the program, the company will repurchase up to 357,000 shares. The program's objective is to cover the company’s obligation of shares delivery as part of a long-term incentive plan granted to certain employees in the form of stock options. The program will be effective from January 13, 2021 and will run until May 31, 2021.