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Landi Renzo SpA Authorizes Share Repurchase Program


Wednesday, 24 Apr 2013 07:00am EDT 

Landi Renzo SpA announced that it has authorized the purchase and sale of treasury shares, after revocation of the resolution of the Shareholders’ Meeting dated April 24, 2012. The characteristics of the program are: duration of 18 months from the resolution date, maximum number of ordinary shares with total par value, including the shares owned by the Company and the subsidiaries, not exceeding one fifth of the entire capital to be purchased at a price not more than 20% lower or higher than the stock's previous day closing price. The Shareholders' Meeting also resolved to authorize the Board of Directors to dispose of, in whole or in part and without time limits, the treasury shares purchased even before completing all purchases, at a price not more than 20% lower or higher than the stock's previous day closing price. 

Company Quote

1.432
0.0020 +0.14%
7:26am EDT