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Provider: Reuters Investment Profile

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AB Science proposes allocation of FY 2013 result and share repurchase program

Thursday, 22 May 2014 08:00pm EDT 

AB Science SA:To propose to annual general meeting on June 27 that loss made in FY 2013 (14,254,907 euros) be allocated to retained earnings account.Says that no dividend has been paid for last three fiscal years.To propose terms of share repurchase program to annual general meeting.Program would authorize repurchase of up to 10 pct of capital.Maximum price per share 36 euros.Total maximum that could be spent 25 million euros.Authorization valid for 18 months.