Fotex Holding S.E. (BDL:FTXHG) commences share repurchases on July 1, 2021, under the program mandated by the shareholders in the Annual General Meeting held on May 3, 2021. As per the mandate, the company is authorized to repurchase up to 7,000,000 shares. The company will repurchase shares at a price set between the nominal value and the market value on the transaction date.

This authorization will be valid for a period of 5 years.