MLS Innovation Inc. (ATSE:MLS) commences share repurchases on August 24, 2018 under the program mandated by the shareholders in the Ordinary General Meeting held on June 29, 2018. As per the mandate, the company is authorized to repurchase up to 620,850 shares, representing 5% of its issued share capital. The shares will be repurchased at a maximum price of €10 per share and a minimum price of €1 per share. The repurchases program is valid for 24 months from shareholders' approval.