IRSA Inversiones y Representaciones Sociedad Anónima (BASE:IRSA) announces a share repurchase program. Under the program, the company will repurchase 74,145,916 shares, representing 10% of its issued share capital, for ARS 15,000 million. The shares will be repurchased up to a maximum of USD 11 per GDS and up to a maximum value in pesos of ARS 1,550 per share.

The purpose of the program is strengthen the shares and reduce the fluctuations in the market value, that does not reflect the real economic value of the assets. The program will be funded with realized and liquid earnings pending of distribution of the Company and/or freely available reserves and/or facultative reserves. The program will be valid up to 180 days.

As of July 11, 2024, the Company had issued 741,459,162 ordinary shares.