The shareholders of Muehlhan AG (XTRA:M4N) commences share repurchases on May 17, 2018, under the program mandated by the shareholders in the Annual General Meeting held on May 19, 2015. As per the mandate, the company is authorized to repurchase up to 10% of the existing share capital for €1.95 million. Shares repurchased will be used to support share based compensation of company employees and to pay for acquisitions. The authorization may be exercised directly by the company or by third parties appointed by the company in whole or in several amounts.