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Eurotech SpA Approves Treasury Shares Purchase Program


Tuesday, 15 Oct 2013 02:21pm EDT 

Eurotech SpA announced that the Board of Directors, following the authorization for the purchase and disposal of treasury shares voted by the Shareholders' meeting of Eurotech held on April 24, 2013, has approved a treasury shares purchase program within the purposes contemplated by market practice as allowed by the Consob. In particular, the objective of the purchase program is the constitution of a warehouse of shares to be used in the execution of possible future investment transactions. The share purchase transactions related to the implementation of the program will take place through the methods and within the limits established by the aforementioned assembly decision, and to be specific: the purchase may involve a maximum of 1,100,000 ordinary Eurotech shares with no stated par value, and, thus, contained within the limits of law (20% of the share capital) taking account the treasury shares held by the Company to date (420,140 shares, equal to 1.183% of the share capital), with a maximum counter value of EUR 3 million; the purchase of treasury shares should take place within the limits of the distributable profits and available reserves as stated on the last balance sheet (also interim) approved at the time of the transaction; the purchase program may be conducted in several installments, during the whole time period defined by the Shareholders’ Meeting and hence until October 23, 2014. 

Company Quote

1.62
-0.017 -1.04%
19 Dec 2014