Mühlbauer Holding AG & Co. Kommanditgesellschaft auf Aktien (XTRA:MUB) commences share repurchases on December 21, 2017, under the program mandated by the shareholders in the General Meeting held on August 7, 2014. As per the mandate, the company is authorized to repurchase its own shares. The purchase price per share (excluding ancillary purchase costs) may not exceed or fall short of the average closing price of the share of the last five trading days prior to the obligation to acquire Xetra trading by more than 10%. The acquired shares may be used or redeemed for all legally permissible purposes, in particular as consideration in connection with the acquisition of companies and/or for servicing employee participation programs. On December 20, 2017, the company announced a share buyback program. Under the program, the company will repurchase up to 200,000 shares for €11 million. Repurchases will be made through Stock Exchange. The repurchase program will be valid till December 31, 2017. On December 15, 2017, the company announced an increase in its buyback program. The company increased the program by 100,000 shares and €3.5 million, thereby taking the total program to 300,000 shares and €14.5 million and also extended the plan till December 31, 2018. On December 17, 2018, the company announced that it has extended its plan duration till August 6, 2019.