Matba Rofex S.A. (BASE:MTR) announces a share repurchase program. Under the program, the company will repurchase up to 12,281,438 shares, representing 10% of its share capital for ARS 1,000 million. The price to be paid for repurchases is ARS 1,400 per share.

The purpose of the program is to contribute to the generation of a liquid and deep secondary market for the company's shares and prevent the price of the shares from being inconsistent with the economic fundamentals of the Company. The plan will be valid till June 13, 2024. As of March 10, 2024, the company had 122,814,382 shares in issue and 105,618 shares in treasury.