RHI Magnesita N.V. (LSE:RHIM) announces a share repurchase program. Under the non- discretionary agreement, the company will repurchase up to 3,878,063 shares, for €50 million. The purpose of the program is to reduce the company's share capital in order to return value to our shareholders. The company intends to hold the purchased shares in treasury. The program will expire on 5 May, 2022.