PME African Infrastructure Opportunities PLC (AIM:PMEA) announces a share repurchase program. Under the tender offer, the company will repurchase up to 16,389,294 shares, representing 40% of its share capital for $3.4 million. The shares will be repurchased at a tender price of $0.21 per ordinary share. The shares repurchased will be cancelled. The repurchases will be made for cash. The company will repurchase 2 ordinary shares for every 5 ordinary shares held by the eligible shareholder on the record date September 13, 2017. In case of oversubscription of the offer, the repurchases will be made on pro-rata basis. The tender offer is subject to approval in the Extraordinary General Meeting to be held on September 6, 2017. The offer will be valid till September 13, 2017.