Seco/Warwick S.A. (WSE:SWG) commences share repurchases on October 7, 2021, under the program mandated by the shareholders in the Extraordinary General Meeting held on October 7, 2021. As per the mandate, the company is authorized to repurchase up to 850,000 shares, such that the company?s holding in treasury together with the shares repurchased does not exceed 20% of its issued share capital at any point of time for PLN 13 million. The repurchases will be funded from a reserve created out of supplementary capital and profits. The repurchased shares may be allocated for the purposes of existing or future incentive programs in the company or its subsidiaries, for further resale or for another purpose determined by the Management Board of the company. The authorization is valid until December 31, 2022, but no longer than until the funds allocated for the purchase of own shares from the reserve capital are exhausted.