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Provider: GlobalData
$125.00

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El En SpA Authorizes New Share Repurchase Program


Wednesday, 14 Nov 2012 06:45am EST 

El En SpA announced that the Shareholders’ meeting resolved to authorize the Board of Directors to purchase and to dispose of own shares. The purchase of own shares can be performed, for a maximum amount of EUR 20,000,000.00, in one or more tranches, for a number of El En’s ordinary shares – the sole issued El En’s stock class - that will not exceed 20% of the capital stock considering that El En’s holds 21,148 own shares, 0,44% of the capital stock. For the time being 20% of the capital stock are 964.873 shares. The authorization to the purchase of own shares is given for the longest period allowed by law: within eighteen months after the authorizing shareholders meeting. The purchase of own shares can be performed on the regulated markets at a purchase price not lower than 20% nor exceed by more than 10% the reference price reported on the stock exchange on the day before the purchase is made. 

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28 Aug 2014