AFYREN SAS (ENXTPA:ALAFY) commences share repurchases on April 19, 2023, under the program mandated by the shareholders in the Annual General Meeting held on June 15, 2022. As per the mandate, the company is authorized to repurchase not more than 10% of its issued share capital for €5 million worth of it's shares. The maximum price for the repurchase of share is set at €8.02 per share. The purpose of the repurchase program is to promote the liquidity, keep the shares and remit them later in payment or in exchange within the framework of possible operations of external growth, merger, demerger or contribution, totally or partially cancel the shares by reducing the share capital, to honor the obligations related to stock option programs, free share allocations, employee savings plans or other share allocations to employees. The repurchase authorization is valid for 18 months from the date of this decision.

On April 18, 2023, the company announced a share repurchase program. Under the program, the company will repurchase €0.5 million worth of shares. The repurchase program is valid till December 15, 2023.