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    <title>Opening of the offer on stock exchange</title>
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    <description>The opening and closing timeline for an open market buy-back through the stock exchange is regulated by staged time limits linked to the date of public announcement and the relevant opening period. The buy-back offer must open not later than four working days from the public announcement, with closure periods varying by applicable transition phase. From 1 April 2025, the option of open market buy-back through the stock exchange is generally withdrawn, except for offers already opened within the specified transition window. From 1 August 2026, the framework requires opening within four working days and closing within sixty-six working days.</description>
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