MTU Aero Engines AG (XTRA:MTX) commences a share repurchases on May 4, 2021, under the program mandated by the shareholders in the Annual General Meeting held on April 11, 2019. As per the mandate, the company is authorized to repurchase up to 10% of its share capital existing at the time of the present resolution. The price for the acquisition of these shares shall not exceed or go below the stock exchange price by more than 10%. In the case of acquisition on the stock exchange, the relevant stock exchange price within the meaning of the above provision shall be the mean value of the prices of the company’s share at the XETRA final auction (or in a comparable successor system) during the last 10 stock exchange trading days prior to acquisition of the shares. In the event of acquisition via a public offer to buy which is addressed to all shareholders, the relevant stock exchange price shall be the mean value of the prices of the company’s share at the XETRA final auction (or a comparable successor system) during the last 10 stock exchange trading days prior to publication of the decision to submit this offer. The Management Board shall be authorized to make use of the acquired own shares as complete or part consideration, in the context of mergers or in the (also indirect) acquisition of enterprises, parts of enterprises or holdings in enterprises. The share buyback program shall be valid until April 10, 2024. On May 3, 2021, the company announced a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 0.28% of its share capital for €35 million. The program shall commence on May 4, 2021 and terminate by close of business on June 3, 2021.