Orzel Bialy S.A. (WSE:OBL) announces a share repurchase program. Under the tender offer, the company will repurchase up to 4,160,000 shares, representing 25% of its share capital at PLN 8.65 per share for 35.98 million. The program will financially be supported by NEF Battery Holdings S.a.r.l. The offer will last until March 15, 2017.