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Provider: Reuters Investment Profile
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Belvedere SA Proposes Share Repurchase Program; Proposes No FY 2012 Dividend


Sunday, 25 Aug 2013 06:00pm EDT 

Belvedere SA announced that it will propose the terms of a share repurchase program to its Annual General Meeting, which is to be held on September 30, 2013. If approved, the program will authorize the Company to repurchase a maximum of 10% of its share capital at a maximum price of EUR 25 per share. This gives a theoretical maximum sum of EUR 66,193,050 which can be spent on the program. The authorization will run until the next Annual General Meeting. The Company also announced that it will not propose a dividend for fiscal year 2013. The Company has not proposed a dividend for the last four fiscal years 

Company Quote

10.19
0.04 +0.39%
19 Sep 2014