Gévelot SA (ENXTPA:ALGEV) commences share repurchases on July 1, 2022, 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 19,230 shares representing 2.5% of it's share capital for €4 million. The acquisition, transfer or assignment transactions described above may be carried out by any means compatible with the Law and the Regulations in force, including in the context of negotiated transactions.

Transactions may take place at any time, including during the period of a public offering or pre-offering on the shares of the company under the legal and regulatory conditions and in compliance in particular with Articles 231-38 and 231-40 of the General Regulations of the Autorité des marchés financiers. The plan will be valid for 18 months, until December 15, 2023.