Matba Rofex S.A. (BASE:MTR) announces a share repurchase program. Under the program, the company will repurchase up to 12,292,000 shares, representing 10% of its share capital for ARS 1,000 million. The price to be paid for repurchases is ARS 1,200 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 60 calendar days, counted from the business day following the date of publication of the Repurchase Plan for the acquisition in the market media, subject to any renewal or extension of the deadline, which will be informed to the investing public by that same means. As of November 10, 2023, the company had 122,920,000 shares in issue.