Alchemia S.A. (WSE:ALC) announces a share repurchase program. Under the program, the company will repurchase its own shares such that it does not exceed 20% of its share capital. The shares will be bought back at the price not lower than the nominal value of shares that is PLN 1.30 per share and not higher than PLN 15 per share.

Repurchases will be made on the Warsaw Stock Exchange. The shares may be repurchased by way of blocks transactions. The shares will be repurchased for re-sale or for amortization.

The issuer can repurchase daily up to 25% of the average daily amount of the share trading on the Warsaw Stock Exchange within 20 days prior to each day of acquisition. In case of the low liquidity of the shares, the issuer may exceed the daily repurchase up to 50% of the average daily amount of the shares trading on the Warsaw Stock Exchange. The management has the right to terminate the program before the date determined for the expiry or before the exhausting of the financial means.

The repurchase program will be valid till June 17, 2020, but no longer than to the moment of exhausting of the financial means for the purchase.