Quercus TFI S.A. commences an Equity Buyback Plan for 4% of its issued share capital, for PLN 22.33 million, under the authorization approved on April 27, 2022.

Quercus TFI S.A. (WSE:QRS) commences share repurchases on April 27, 2022, under the program mandated by the shareholders in the Ordinary General Meeting held on April 27, 2022. As per the mandate, the company is authorized to repurchase 4% of its issued share capital, such that the company's holding in treasury together with the shares repurchased does not exceed 10% of its issued share capital at any point of time, for PLN 22.33 million. The shares will be repurchased at a price of PLN 9.5 per share.

The repurchased shares will only be used for redemption and reduction of the share capital. The program will be funded from the reserve capital. The program will be valid until July 31, 2022.