ad pepper media International N.V. (XTRA:APM) commences share repurchases on September 1, 2021, under the mandate authorized by the shareholders in the Annual General Meeting held on May 18, 2021. Under the mandate, the company is authorized to repurchase up to 50% of its issued share 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 from the date of shareholders' approval. On August 2, 2021, the company initiated a share repurchase program. Under the program, the company will repurchase up to 500,000 shares for €3 million. The repurchased shares will be used to meet the company's obligations under the company's stock option plans by way of transfer of the shares to option holders for the exercise of their option rights and/or reduce the capital of the company. The repurchases will commence on September 1, 2021 and run until November 17, 2022.