Brief: Huuuge Starts Buyback Of Up To 10.64% Own Stake

Huuuge

15/03/2024 06:59

March 14 (Reuters) - Huuuge Inc  HUGP.WA :
    * SAID ON TUESDAY THAT BOARD OF DIRECTORS HAS DECIDED TO
START
BUYBACK IN FORM OF TIME LIMITED INVITATION FOR UP TO 7.1 MILLION
COMPANY'S SHARES (REPRESENTING UP TO 10.64% SHARE CAPITAL) AT
$9.80 PER SHARE (EQUIVALENT TO 38.5 ZLOTYS PER SHARE)
    * BUYBACK TO RUN FROM MARCH 19 TO APRIL 18
    * TOTAL MAXIMUM FUNDS ALLOCATED FOR BUYBACK AMOUNT TO $70
MILLION
    * SHARES UNDER BUYBACK WILL BE ACQUIRED WITH INTENTION TO
RETIRE
THEM
    * AS OF THE DATE OF INVITATION COMPANY HOLDS 4.1 MILLION OWN
SHARES

        
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