Brief: CIR To Reduce Share Capital To EUR 420 Mln, Starts New Buyback Programme

CIR - Compagnie Industriali Riunite

12/09/2022 10:44

Sept 12 (Reuters) - CIR SpA - Compagnie Industriali Riunite
 CIRI.MI :
    * AGM APPROVED CANCELLATION OF 170,000,000 ORDINARY SHARES
WITH NO
INDICATION OF PAR VALUE MAINTAINING THE AMOUNT OF SHARE CAPITAL
UNCHANGED
    * REDUCTION OF SHARE CAPITAL FROM EUR 638.6 MILLION TO EUR
420
MILLION
    * REVOCATION OF BUYBACK PROGRAMME APPROVED ON APRIL 29
    * AUTHORISATION OF NEW BUYBACK PROGRAMME OF UP TO 220
MILLION
SHARES, TO END ON MARCH 12, 2024 UNLESS REVOKED
    * NEW BUYBACK PROGRAMME TO START FROM SEPT 13

Further company coverage:  CIRI.MI 

 (Reporting by Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48587720920;))