Brief: CTT Starts Buy-Back Programme Of Up to 25.0 Mln Euros

CTT - Correios de Portugal SA

22/07/2024 06:24

July 22 (Reuters) - CTT  CTT.LS :
    * SAID ON FRIDAY IT HAD DECIDED TO APPROVE SHARE BUYBACK
PROGRAMME
    * PROGRAMME AMOUNTING TO OVERALL VALUE OF EUR 25.0 MLN,
EQUIVALENT
TO 4.01% OF CTT'S MARKET CAPITALISATION
    * PROGRAMME TO BE IMPLEMENTED OVER COMING 12 MONTHS
    * OBJECTIVE IS TO REPURCHASE MAXIMUM OF UP TO 8.5 MLN
SHARES,
REPRESENTING MAXIMUM NOMINAL VALUE OF EUR 4.3 MLN 
    * OBJECTIVE ALSO TO DESCREASE SAME AMOUNT OF SHARE CAPITAL
THROUGH
CANCELLATION OF ACQUIRED OWN SHARES

    
 Source text: https://tinyurl.com/bddr5wm5;
https://tinyurl.com/4snybb7z
 Further company coverage:  CTT.LS  

 (Gdansk Newsroom)
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