Spirox Corporation (TWSE:3055) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 1.68% of its share capital for TWD 1,110.99 million. The repurchased shares will be Transfer to employees.

The shares will be repurchased at a price that is within the range of TWD 22 per share and TWD 35 per share. The repurchases will be funded from retained earnings, realized capital reserve and from special reserves. The program will be valid till April 21, 2023.

As of February 21, 2023, the company has 118,741,918 shares issued and 4,432,000 shares in treasury.