Provider: Wright Reports
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Klaipedos Baldai AB Announces Purchase of Own Shares
Klaipedos Baldai AB announced that, carrying out the decision of the General Shareholders Meeting of the Company held on April 25, 2012 to purchase up to 10% of the Company's shares, the Company’s Board has decided to purchase up to 699,570 units of ordinary registered shares with a nominal value of LTL 1 per share. The purchase price of own shares equals to EUR 1.25 (LTL 4.316) for one ordinary registered share of the Company. The duration of the purchase of own shares in the second stage is 30 days. The shares should be bought from November 19, 2012 to December 18, 2012, inclusive, on the NASDAQ OMX Vilnius Stock Exchange through an official offer submarket.
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