Exclusive Networks SA commences an Equity Buyback Plan for 10% of its issued share capital, for €100 million, under the authorization approved on June 21, 2022.

Exclusive Networks SA (ENXTPA:EXN) commences share repurchases on March 20, 2023, under the program mandated by the shareholders in the Annual General Meeting held on June 21, 2022. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital for €100 million. The maximum repurchase price is set at €30 per share. The purpose of repurchase program is to remit shares during the exercise of the rights attached to securities giving rights to the capital of the company, provide liquidity and stimulate trading in the Company's shares through an investment services provider in the context of a liquidity contract, remit shares in the context of external growth transactions, implement any market practice allowed by law or by the AMF. The repurchase authorization is valid for 18 months. As of December 31, 2021, the company had 91,476,536 shares in issue.

On March 20, 2023, the company announced a share repurchase program. Under the program, the company will repurchase up to 10% of its issued share capital for €100 million. The repurchases will be funded from available cash flow of the Company. The repurchase program would be implemented over an eighteen-month period as from June 21, 2022.