The shareholders of Jubii Europe, N.V. (DB:LCY) authorized a share repurchase program at the Annual General Meeting on May 24, 2012. Under the plan, the company will repurchase up to 155,788,172 shares, representing 50% of its issued share capital. The price to be paid will be subject to a minimum of the nominal value and a maximum of 110% of the highest price of the class B shares officially quoted on any of the official stock markets the company is listed on any of thirty banking days preceding the date the repurchase is effected or proposed. This authorization will allow the Management Board, subject to prior Supervisory Board approval, to be flexible and to react quickly, if and when deemed appropriate. The authorization can be used for any and all purposes, subject only to statutory limitations. The authorization will be valid for a period of 18 months. As of May 24, 2012, the company has 311,576,344 shares in issue.