Microwave Vision SA (ENXTPA:ALMIC) commences share repurchases on July 30, 2019, under the program mandated by the shareholders in the General Meeting held on June 21, 2019. As per the mandate, the company is authorized to repurchase up to 556,174 shares, representing 8.89% of its issued share capital. The shares will be repurchased at a maximum price of €20 per share for a total of €12.56 million. The objective of repurchase program is to support the liquidity and to lead the share market of MVG within the framework of a liquidity contract in accordance with the practice allowed by the regulations in force, to keep the shares purchased and to postpone them to the exchange or as payment in connection with any external growth transactions, it being specified that the shares acquired for this purpose may not exceed 5% of the company's share capital, to ensure the coverage of stock option plans and/or free share plans (or similar plans) for the benefit of employees and/or corporate officers of the group as well as any allocations of shares under a corporate or group savings plan (or similar plan), in respect of participating in the results of the enterprise and/or any other form of allocation of shares to employees and/or agents social group, to ensure the coverage of securities giving right to the allocation of shares of the company under the regulations in force, to implement any market practice that may be accepted by the AMF, and more generally carry out any other transaction in compliance with the regulations in force and to proceed to the eventual cancellations of the shares acquired under the authority. The repurchase program will be valid for 18 months until December 21, 2020. As of July 30, 2019, the company had December 1, 2014, the company has 72,042 shares in treasury.