Francotyp-Postalia Holding AG (XTRA:FPH) commences share repurchases on October 13, 2017 under the program mandated by the shareholders in the Annual General Meeting held on June 11, 2015. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital. The shares if purchased on the stock exchange, then the price which the company will pay for its shares shall not be more than 10% higher or lower than the share price calculated in the opening auction on the trading day in electronic Xetra trading at Deutsche Börse AG in Frankfurt/Main. The repurchased shares will be used for servicing subscription rights that were issued and have been or will be exercised under stock option plans. The share repurchase program is valid until June 10, 2020. On October 9, 2017, the company announced a share repurchase program. Under the program the company will repurchase up to 475,000 shares, representing 2.91% of its issued share capital, for a total consideration of €3 million. The repurchases will be made between October 12, 2017 and January 12, 2018. On October 12, 2017, the company announced that the repurchases will commence from October 13, 2017.