KBC Ancora SCA (ENXTBR:KBCA) commences share repurchases on June 10, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting of Shareholders held on October 30, 2020. As per the mandate, the company is authorized to repurchase to repurchase its own shares. As of October 30, 2020, the company had 78,301,314 shares in issue.

On May 20, 2022, the company announced a share repurchase program. Under the program, the company will repurchase €50 million worth of its shares. The aim of the share repurchase program is to reduce the number of outstanding shares entitled to dividends. The shares repurchased will initially be held as treasury shares. The program will start on June 10, 2022.