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Provider: Reuters Investment Profile
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Provider: GlobalData
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Ascopiave SpA Approves and Renews Share Buy-Back Program


Tuesday, 23 Apr 2013 01:42pm EDT 

Ascopiave SpA announced that it has approved new plan for the sale and purchase of treasury shares. The Plan replaces and cancels the previous meeting authorization for the share buy-back of November 29, 2011. According to the Plan approved by the Meeting, the Board of Directors is authorized to implement sales and purchases, on one or more occasions and on a rotating basis, of a maximum number of common shares, representing an interest not exceeding 20% of the Company‚Äôs share capital, at present date maximum 46,882,315 common shares with a par value of EUR 1.00 each. The maximum counter value of the shares that can be purchased cannot exceed the amount represented by distributable profits and available reserves resulting from the lastly duly approved financial statements, which stood at EUR 69,555,860 at December 31, 2012. 

Company Quote

1.99
-0.028 -1.39%
11 Jul 2014