Jacques Bogart S.A. (ENXTPA:JBOG) commences share repurchases on June 28, 2022, under the program mandated by the shareholders in the Combined General Meeting held on June 28, 2022. As per the mandate, the company is authorized to repurchase up to 527,568 shares, representing 3.58% of the issued share capital, such that the company's holding in treasury together with the shares repurchased does not exceed 10% of its issued share capital at any point of time, for €20 million. The shares will be repurchased at a price not exceeding €30 per share.

The purpose of repurchase program is to promote liquidity of transactions and the regularity of quotations of the company's securities and to avoid price discrepancies that are not justified by the market trend in the context of a liquidity contract concluded with an investment services provider operating any independence. The repurchased shares will be delivered upon exercise of rights attached to securities giving right, immediately or in the future, by redemption, conversion, exchange, presentation of a warrant or in any other manner to the allocation of shares of the company as well as carry out all hedging transactions in connection with the issue of such securities or for payment or exchange in connection with any external growth, merger, spin-off or contribution transactions, in accordance with the market practices accepted by the French Financial Markets Authority, otherwise will be cancelled all or partly of the thus reducing the share capital. The repurchase program will be valid for a period of 18 months.

As of June 28, 2022, the company had 14,729,626 total shares outstanding and 945,395 shares in treasury.