Brief: Faes Farma Launches Share Buyback For Up To 25.0 Mln Euros

Faes Farma SA

05/05/2023 09:06

May 5 (Reuters) - Faes Farma SA  FAE.MC :
    * LAUNCHES SHARE BUYBACK FOR UP TO 25.0 MILLION EUROS
    * BUY-BACK PROGRAM WILL BE VALID FOR NINE MONTHS FROM DATE
OF
ADOPTION OF THIS AGREEMENT, SO IT WILL REMAIN IN FORCE UNTIL
FEBRUARY 4, 2024
    * MAXIMUM NUMBER OF SHARES TO BE ACQUIRED: 5.4 MILLION,
REPRESENTING APPROXIMATELY 1.69% OF COMPANY'S SHARE CAPITAL AS
OF THIS DATE
    * PURPOSE OF PROGRAMME IS TO REDUCE THE COMPANY'S SHARE
CAPITAL,
WHICH IS COMPLEMENTED BY ULTIMATE AIM OF CONTRIBUTING TO
SHAREHOLDER REMUNERATION BY INCREASING EARNINGS PER SHARE

Source text for Eikon:  ID:nCNM5nzkXc 
Further company coverage:  FAE.MC 

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