Procad S.A. (WSE:PRD) commences a share repurchases on August 13, 2020, the program mandated by the shareholders in the Annual General Meeting held on July 9, 2020. As per the mandate, the company is authorized to repurchase its own shares. The shares will be repurchased at a uniform price of PLN 1.6 per share. The program will be funded from company's supplementary capital. If the number of shares in relation to which the company's shareholders submit offers to sell shares in response to the offer exceeds the nominal limit of 2,976,270 shares, the company will be obliged to carrying out uniformly proportional reduction of the number of shares purchased under submitted bids. The program will run through August 17, 2020. On July 22, 2020, the company announces a share repurchase program. Under the program, the company will repurchase up to PLN 3 million worth of its shares, representing 33% of its share capital. The shares will be repurchased at a price of PLN 1.6 per share. The program will run from July 23, 2020 to August 11, 2020.