The shareholders of Bermas Suceava (BVB:BRM) authorized a share repurchase program at its Extraordinary Shareholders' Meeting on April 26, 2012. Under the program, the company will repurchase up to 1,725,000 shares, representing 8% of the share capital at prices between RON 0.7 and RON 1.5 per share. The repurchased shares will be awarded to employees under a loyalty employee program during 3 years.

The share repurchase program will be valid for 18 months.