Nov 16, 2005. /Lesprom Network/. By resolution of the 11 ordinary shareholders' meeting of Mayr-Melnhof Karton AG of May 18, 2005 the management board was authorized for a period of 18 months to buy back own shares of up to 10% of the company's capital stock, allowing for the shares which have already been repurchased. On November 15, 2005 the management board of Mayr-Melnhof Karton AG has decided to make use of this authorization. The supervisory board of the company has approved of this decision. The counter value per share to be acquired shall, however, not exceed the average market price during the last 10 trading days prior to the relevant purchase and must not be less than half of this price. The Mayr-Melnhof Group is the world-leader in recycled fiber based cartonboard and Europe’s leading manufacturer of folding cartons. Moreover, it is one of the leading European packaging producers for cigarettes and confectionary. Mayr-Melnhof’s operations are entirely concentrated on the core business areas which are managed in two operative segments MM-Karton and MM-Packaging.