Mercor SA (WSE:MCR) commences share repurchases on August 31, 2020, under the program mandated by the shareholders in the Extraordinary General Meeting held on June 30, 2020. As per the mandate, the company is authorized to repurchase up to 1,565,853 shares, representing 10% of its issued share capital for PLN 23.5 million. The price paid by the company for each share purchased may not be higher than the price of the last independent trading and the highest, current, independent offer in transactions concluded at WSE sessions, and may not be lower than PLN 0.25 and may not be higher than PLN 15.00. The repurchased shares will be redeemed or, if it will be justified in the interest of the company, distributed by the management board of the company, with the consent of the supervisory board, in another manner permitted by law. The purchase of own shares will be financed from the company's own funds. The program is valid until May 31, 2025, but no longer than until the funds allocated to the Program are exhausted.