Brief: ED Invest Management Authorised To Sell Up To 5% Of Company's Own Shares

ED INVEST SA

02/03/2023 06:37

March 2 (Reuters) - ED Invest SA  EDIP.WA :
    * SAID ON WEDNESDAY THAT SUPERVISORY BOARD HAS AUTHORISED
MANAGEMENT TO SELL UP TO 5% OF THE COMPANY'S OWN SHARES, SO THAT
THERE WILL BE NO LESS THAN 10% OF COMPANY'S SHARES IN FREE FLOAT
    * THE SELLING PRICE CANNOT BE LOWER THAN THE THREE MONTH
WEIGHTED
AVERAGE SHARE PRICE BEFORE THE TRANSACTION 
    * THE SHARES WILL BE SOLD ON THE MARKET FOR UP TO 9
CONSECUTIVE
MONTHS
    * CURRENTLY COMPANY HOLDS 20% OWN SHARES 

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM7Ptk8Ma
 Further company coverage:  EDIP.WA  

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