Service Point Solutions has agreed at a Board meeting held on 22 June to earmark half of the compensation received by its members in their capacity as Directors to the purchase of Company shares. In all, the Company's Directors will invest almost €325,000, which at current prices implies the purchase of more than 532,000 shares. With these share purchases, the ownership stake held by current members of the Company's Board will rise to approximately 31%.

Elsewhere, the Company recently notified Spain's securities market regulator that Service Point has initiated its share buyback program with the purchase of 63,000 shares at prices ranging between €0.58 and €0.73. The Company's shareholders have authorised it to buy back up to 5% of outstanding shares for no more than three euros per share. Treasury shares currently account for 1.07% of the total outstanding. Of this balance, 0.7% relates to shares acquired under the stock option plan; the options expired unexercised and the Company plans to ask its
shareholders to approve cancelling these shares. Stripping out these shares leaves the Company with room to buy back almost six million shares. With these measures, the Board of Service Point is attempting to showcase its commitment to and confidence in the Company.