Span d.d. (ZGSE:SPAN) commences share repurchases on April 28, 2023, under the program mandated by the shareholders in the Annual General Meeting held on June 13, 2022. As per the mandate, the company is authorized to repurchase its shares such that the company?s holding in treasury does not exceed 10% of its issued share capital. The minimum price to be paid for each share must not be below 10% and maximum price to be paid for each share must not be above10% of the average market price achieved for those shares on the previous day of trading. The purpose of the program is to offer shares to employees of the company and its affiliated companies for the purpose of remuneration. The authorization is valid for a period of 5 years from passing of the resolution. As of May 3, 2022, the company had ordinary shares 1,960,000 in issue including shares 24,436 shares in treasury.

On December 2, 2022, the company announced a share repurchase program. Under the program, the company will repurchase up to 175,000 shares. The repurchases will commence from December 5, 2022 and will end on December 5, 2024.