Moura Dubeux Engenharia S.A. (BOVESPA:MDNE3) announces a share repurchase program. Under the program, the company will repurchase up to 2,703,860 shares, representing 5% of its issued share capital. The program is aimed at maximizing value for the shareholders.

The shares acquired under the program will be held in treasury and may subsequently be canceled or disposed of and/or meet the company's obligations for an eventual stock option plan and/or share-based compensation plan, without capital reduction. The program will run until March 28, 2023. As of March 31, 2022, the company had 54,077,193 shares in outstanding and had 1,690,000 own shares in treasury.