Medilines Distributors Incorporated (PSE:MEDIC) announces a share repurchase program. Under the program, the company will repurchase up to Php 100 million of share. The objectives of the share buyback program are to enhance shareholder value and to manifest confidence in the Company's value and prospects through the repurchase of the common shares of the Company.

As of October 19, 2022, the company issued 2,750,000,800 shares.