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Provider: Directors Deals Ltd.
Provider: Reuters Investment Profile

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Fonciere Paris Nord Proposes Share Repurchase Program; Proposes No FY 2012 Dividend

Sunday, 30 Jun 2013 08:00pm EDT 

Fonciere Paris Nord announced details of the share repurchase program which will be submitted for the approval of its Annual General Meeting on July 22, 2013. The Company may repurchase a maximum of 10% of its own shares. The maximum price per share is EUR 2. If approved, the program will last for 18 months from the date of the Annual General Meeting. In addition, the Company 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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