Media Investment Optimization, S.A. (BME:MIO) announces a share repurchase program. Under the program, the company will repurchase up to 133,333 shares, representing 2% of its issued share capital for a total of €1.5 million. The shares will be repurchased at a maximum price of not more than the higher of the price of the last stand-alone trade, or the then-highest stand-alone bid on the trading venue where the purchase was made.

The repurchased shares will be used for the employee incentive plan. The program will expire on October 28, 2023.