Notificationon Share Buyback Commencement
Huuuge,Inc. ("Issuer", "Company") in reference to the information provided inthe Current report 4/2022, hereby announces, upon the decision of thePresident of the Company, the commencement of Issuer's shares buyback(_quot;SBB_quot;) startingfrom 29March2022. The authority to decide on the starting date was conferred on thePresident of the Company by the Board of Directors under the resolutionof February 15,_#160; 2022. The framework terms and conditions of SBBprovide, among others, for the following:
theSBB shall be conducted in accordance with all restrictions resultingfrom MAR,_#160; Commission Delegated Regulation (EU) 2017/565 andCommission Delegated Regulation (EU) 2016/1052,
thetotal number of the Company's shares to be repurchased under the SBBshall_#160; be up to 2,500,000,
thenumber of shares to be repurchased during a single trading day shallnot exceed 25% of the average daily volume of trade in the Issuer'sshares for the_#160; 20 preceding trading days ,
theIssuer shall not repurchase the shares for a price higher than PLN40 per share,
theIssuer has allocated a maximum amount of PLN 100,000,000 for therepurchase of its shares under the SBB,_#160;
duringthe SBB period, the Company shall not sell its own shares for anypurpose other than as a result of the exercise of options under itsEmployee Stock Option Plans, and_#160;
theSBB shall end no later than March 31, 2023, unless terminated at anearlier date by the Company._#160;
Thepurpose of the SBB is to satisfy the Issuer's needs related to theexercise of options under its Employee Stock Option Plans (described inthe Company's Prospectus and the Company's financial reports) in theforeseeable future.
Therepurchase of the Company's shares under the SBB shall be effectedthrough Ipopema Securities S.A.
TheCompany will publish information on the transactions under the SBB nolater than the end of the seventh daily market session following theexecution of such transactions.