paperpack company SA in accordance with the provisions of paragraph 4.1.4.2 of the Athens Exchange Rulebook, announcing to investors, that the Board of Directors at a meeting of the 26^th October 2016, decided to launch share buyback program in accordance with its resolution of 25 October 2016 Extraordinary general meeting of shareholders of the company as follows:  The duration of the purchase programme of own shares either directly or indirectly by the company, defined in 24 months, from the 26.10.2016 up to 25.10.2018. As the highest percentage of acquisition of own shares, set out the prescribed by law, until the completion percentage 10% each paid-up share capital of the company, to the extent that the markets concerned are deemed affordable and enable the available funds. Ως ανώτατη τιμή αγοράς των ιδίων shares of the company defined th τιμή των τεσσάρων  (4) euro per share. As a minimum purchase price of Treasury shares of the company defined the value of (0,30) euro or thirty cents per share. The purchases will be carried out in accordance with the terms of Regulation 2273/2003 the Commission of the European communities and would not overcome the 25% of μέσου ημερήσιου όγκου συναλλαγών των shares.  

Download here Notification of the decision to initiate share buyback program the pdf.