Acerinox, S.A. (BME:ACX) announces a share repurchase program. Under the program, the company will repurchase up to 10,400,000 shares, representing 4% of its share capital for a total of €150 million. The purpose of this plan is to use the repurchased shares for its possible later amortization and to redeem the shares that were issued in the years when the dividend paid was made through scrip dividend.

The repurchase program is valid till December 30, 2022.