BLOKS (00325) plans to buy back company shares.

BLOKS (00325) announced that the board of directors plans to repurchase company shares on the open market from the date of this announcement until December 31, 2025. The company will use existing cash reserves and free cash flow to fund the share repurchase plan (the funds mentioned above do not include proceeds from the company's global share offering). The repurchased shares will be used for future employee stock incentives. According to the ordinary resolution passed by the company shareholders at the annual general meeting on June 6, 2025, the board of directors has been granted general and unconditional authority to repurchase shares, up to 10% of the total number of shares issued by the company as of June 6, 2025 (not including treasury shares) (i.e. up to 24.925 million shares of the company's issued shares).