Gaztransport & Technigaz SA (ENXTPA:GTT) commences share repurchases on January 4, 2021, under the program mandated by the shareholders in the Combined Shareholder's Annual General Meeting held on June 2, 2020. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital for €444.94. The shares will be purchased at a price of not more than €120 per share. The company may cancel all the repurchased shares or part of it may be used for retention and their subsequent presentation in a merger, split or contribution transaction and cannot exceed 5% of its share capital, to honor the obligations linked to share option programs or other plans for allocation of shares to employees or corporate officers or those of an associated company and when the shares are bought back to improve liquidity under the conditions defined by the general regulations of the Autorité des Marchés Financiers, the number of shares would be limited to 10% less the number of shares sold during the period of the authorization. The authorization is valid for a period of 18 months.