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Provider: Reuters Investment Profile

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ESI Group SA Proposes Share Repurchase Program; Proposes No FY 2012 Dividend

Thursday, 13 Jun 2013 08:00pm EDT 

ESI Group SA announced details of the share repurchase program which it will propose to its Annual General Meeting on July 23, 2013. The Company may repurchase a maximum of 10% of its own shares. The maximum price per share is EUR 40. The total maximum which may be spent on the program is EUR 6.5 million. If approved, the program will run for 18 months from the date of the Annual General Meeting. The Company also announced that it will not propose a dividend for fiscal year 2012. The Company has not paid a dividend for the last three fiscal years. 

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