The shareholders of Liwe Espanola SA (BDM:LIW) authorized a share repurchase program at its ordinary general meeting on June 26, 2013. Under the program, the company will repurchase up to a maximum of 10% of the share capital, such that holding of treasury shares does not exceed 10%. The maximum price to be paid for repurchase will be €30.

The repurchase program will be valid for 18 months and will expire on the December 26, 2014.