Brief: Altus TFI Plans 2017 Div. Of 1.49 Zloty/Shr Or Share Buyback

Altus SA

15/05/2018 07:23

May 15 (Reuters) - ALTUS TOWARZYSTWO FUNDUSZY
INWESTYCYJNYCH SA  ALI.WA :
    * SAID ON MONDAY THAT ITS MANAGEMENT PLANS TO RECOMMEND
SPENDING
90% FROM FY 2017 NET PROFIT ON DIVIDEND PAYMENT OR ON FINANCING
COMPANY'S SHARE BUYBACK
    * THE REMAINING 10% OF FY 2017 NET PROFIT MANAGEMENT WANTS
TO
ALLOCATE ON RESERVE CAPITAL
    * PROPOSED DIVIDEND WOULD AMOUNT TO 1.49 ZLOTYS PER SHARE
    * IF SHAREHOLDERS DECIDE ON SHARE BUYBACK PURCHASE PRICE
WILL BE
SET AT 16 ZLOTYS PER SHARE
    * PROPOSED SHARE BUYBACK SHOULD START IMMEDIATELY AFTER
RESOLUTION
MADE BY AGM CALLED FOR JUNE 11 AND SHOULD END ON JULY 31, 2018
THE LATEST 
    * UNDER SHARE BUYBACK COMPANY WANTS TO BUY NOT MORE THAN
4,294,925
OWN SHARES

    
 Source texts for Eikon:  urn:newsml:reuters.com:*:nEM5Q34Jna,  urn:newsml:reuters.com:*:nEM6HPNGZa
    
 Further company coverage:  ALI.WA  
   


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