Brief: Debica Plans To Spend Up To 436.5 Mln Zlotys On Share Buy-Back

Firma Oponiarska Debica SA

14/06/2018 06:09

June 14 (Reuters) - FIRMA OPONIARSKA DEBICA SA  DBC.WA :
    * SAID ON WEDNESDAY THAT ITS SHAREHOLDERS TO VOTE ON SEPT.
25  ON
AUTHORIZING MANAGEMENT TO BUY BACK UP TO 2,567,838 OWN SHARES
REPRESENTING 18.6% OF COMPANY'S SHARE CAPITAL
    * OWN SHARES TO BE ACQUIRED AT PURCHASE PRICE OF 170 ZLOTYS
PER
SHARE
    * TOTAL PURCHASE PRICE SHALL NOT TO EXCEED 436.5 MILLION
ZLOTYS
    * COMPANY GATHERED 484.3 MILLION ZLOTYS ON RESERVE CAPITAL
AND
PLANS TO FINANCE BUY-BACK SOLELY FROM THIS SOURCE
    * AUTHORIZATION ON BUY-BACK WILL BE VALID TILL 2018-END

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM8PTZNCa
    
 Further company coverage:  DBC.WA  
   


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