WARSAW, March 13 Poland's No.2 telecoms group
Netia plans to buy back up to 4.4 percent of its
outstanding shares paying a 78 percent premium over Wednesday's
closing price, the company said in a statement released after
Netia shares closed at 4.49 zlotys each on Wednesday.
The total value of the buy-back will amount to up to 128.1
million zlotys ($40.07 million) and Netia plans to purchase up
to 16.01 million of its shares in an offer to be held between
Apr.2 and May.22, the company said.
The company, which has already bought back 8.3 percent of
its shares, said it planned to hand back cash via further
buybacks, dividends, or capital redemptions.
($1 = 3.1972 Polish zlotys)
(Reporting by Marcin Goettig; editing by Keiron Henderson)