Emperador Inc. (PSE:EMP) announces a share repurchase program. Under the program, the company will repurchase up to PHP 5,000 million worth of its shares. The program shall be executed in the open market through the trading facilities of the Philippine Stock Exchange. The company shall book the repurchased shares as treasury shares. The purpose of the program is to enhance shareholder value. The repurchases will be made using the cash. The program will be valid for a period of 24 months till May 16, 2019. As of May 12, 2017, the company has 16,120,000,000 common shares outstanding.