Brief: Ercros Approves Eighth Treasury Shares Repurchase Program For Up To 25 Mln Euros

Ercros SA

16/06/2023 17:01

June 16 (Reuters) - Ercros SA  ECR.MC :
    * BOARD APPROVES THE 8TH TREASURY SHARES REPURCHASE PROGRAM
    * REPURCHASE PROGRAM WILL HAVE A MAXIMUM MONETARY AMOUNT OF
25
MILLION EUROS
    * REPURCHASE PROGRAM WILL BE IN FORCE FROM JUNE 25, 2023 TO
DECEMBER 31, 2024
    * IN NO CASE NUMBER OF TREASURY SHARES MAY EXCEED 8% OF
SHARE
CAPITAL, EQUIVALENT TO 7.7 MILLION SHARES
    * PURPOSE OF PROGRAM IS TO CANCEL TREASURY SHARES ACQUIRED,
BY
REDUCING SHARE CAPITAL IN THEIR NOMINAL AMOUNT

Source text: https://tinyurl.com/y4rxknbd
Further company coverage:  ECR.MC 

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