REG - EZZ Steel Company - Board of Directors decisions

Ezz Steel Co SAEAnnouncement

06/01/2021 15:35

RNS Number : 8205K
  
EZZ Steel Company - S.A.E.
  
06 January 2021
  
 

 
 
EZZ Steel Company - S.A.E.
06 January 2021
 
Cairo, 06 January 2021 - Ezz Steel (EGX: ESRS; London Stock Exchange: AEZD), today announced the Board of Directors decisions.
During a board meeting that has been ratified on January 6th 2021, Ezz Steel's Board of Directors approved the company's purchase of treasury shares with a maximum of one percent of the paid-up capital of the company, and agreed to authorize the managing director -or whomever he delegates- to determine the prices and the dates of purchase of treasury shares within the finance and liquidity limits available to the company. 
In a separate disclosure, the company will advise the period during which the transaction is to be executed as and when decided. Additionally, in due course, the company will disclose the quantities purchased. 
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