Brief: Talgo Reduces Share Capital By 1.59% For Shareholders Remuneration Purposes

Grupo Ezentis SA

02/09/2022 06:32

Sept 2 (Reuters) - Talgo  TLGO.MC :
    * SAID ON THURSDAY CHIEF EXECUTIVE OFFICER DECIDED TO REDUCE
THE
COMPANY'S SHARE CAPITAL BY A NOMINAL AMOUNT OF 601,276 EUROS
THROUGH THE REDEMPTION OF ABOUT TWO MILLION SHARES WITH A PAR
VALUE OF 0.301 EUROS EACH, REPRESENTING 1.59% OF THE COMPANY'S
CAPITAL STOCK
    * ITS SHARE CAPITAL IS SET AT 37.2 MILLION EUROS,
REPRESENTED BY
123.4 MILLION SHARES WITH A PAR VALUE OF 0.301 EUROS EACH
    * PURPOSE OF THE TRANSACTION IS TO REDEEM TREASURY STOCK,
THUS
CONTRIBUTING TO THE COMPANY'S SHAREHOLDER REMUNERATION POLICY BY
INCREASING EARNINGS PER SHARE
    * TRANSACTION DOES NOT IMPLY THE RETURN OF CONTRIBUTIONS TO
THE
COMPANY'S SHAREHOLDERS, SINCE THE COMPANY IS THE OWNER OF THE
SHARES BEING REDEEMED
    * CAPITAL REDUCTION IS UNDERTAKEN WITH CHARGE TO AVAILABLE
RESERVES,THROUGH THE PROVISION OF A RESERVE FOR AN AMOUNT EQUAL
TO NOMINAL VALUE OF REDEEMED SHARES, WHICH WILL ONLY BE
AVAILABLE WITH THE SAME REQUIREMENTS FOR THE REDUCTION OF SHARE
CAPITAL

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nCNMb4s091
 Further company coverage:  TLGO.MC  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))