Eurocommercial Properties N.V. (ENXTAM:ECMPA) announces a share repurchase program. Under the program, the company will repurchase up to ?15 million worth of its shares. The objective of the program is to avoid any dilution as a result of offering stock dividend to shareholders in 2024.

The buyback will be funded by existing cash and loan facilities. The program will expire on November 29, 2024, or as soon as the maximum amount is spent to buy back the company?s shares.