Harboes Bryggeri A/S (CPSE:HARB B) commences share repurchases on December 14, 2018 under the program mandated by the shareholders in the Annual General Meeting held on August 27, 2015. As per the mandate, the company is authorized to repurchase up to 50% of the share capital. Repurchases will be made at a price that is neither 10% above or below the market price at the time of acquisition. The authority is valid for 5 years.