Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) announces a share repurchase program. Under the program, the company will repurchase up to 10% of its issued share capital, for a total purchase price of up to ARS 600 million. The shares will be repurchased at a maximum price of up to ARS 2,000 per share in Bolsas y Mercados S.A.and and up to $8.5 per American Depositary Receipt in the New York Stock Exchange.

The repurchased shares will be used for the implementation of specific compensation programs or plans. The program will be funded from the realized and liquid earnings of the company. The program will be valid until March 30, 2024.