Brief: CTT Approves Buyback Program For Up To 7.7 Mln Shares, 5.3% Of Its Share Capital

CTT - Correios de Portugal SA

22/06/2023 06:35

June 22 (Reuters) - CTT Correios de Portugal SA
 CTT.LS :
    * SAID ON WEDNESDAY BOARD OF DIRECTORS APPROVED
IMPLEMENTATION OF
A SHARE BUYBACK PROGRAM AMOUNTING TO 20 MILLION EUROS
    * PROGRAM WILL START ON JUNE 26 AND LAST UNTIL JUNE 25, 2024
(INCLUDING)
    * OBJECTIVE TO REPURCHASE A MAXIMUM OF UP TO 7.7 MILLION
SHARES,
REPRESENTING A MAXIMUM NOMINAL VALUE OF 3.8 MILLION EUROS AND
5.3% OF SHARE CAPITAL
    * OBJECTIVE ALSO TO REDUCE SAME AMOUNT OF SHARE CAPITAL
THROUGH
CANCELLATION OF ACQUIRED SHARES

        
 Source text: https://tinyurl.com/bjra8hc7 and
https://tinyurl.com/2vd97m5s
 Further company coverage:  CTT.LS  

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