ad pepper media International N.V. (XTRA:APM) commences share repurchases on October 19, 2020, under the mandate authorized by the shareholders in the Annual General Meeting held on May 19, 2020. Under the mandate, the company is authorized to repurchase up to 50% of its issued capital. The shares will be purchased at a price which is least 80% of the stock price (opening stock price) of the shares of the company at the date of such repurchase and at the most 120% of such stock price. The share repurchase program will be valid for 18 months.