Brief: Huuuge Starts Buyback Of Up To 20.32% Own Stake

Huuuge

31/05/2023 06:29

May 31 (Reuters) - Huuuge Inc  HUGP.WA :
    * SAID ON TUESDAY THAT BOARD OF DIRECTORS HAS DECIDED TO
START
BUYBACK IN FORM OF TIME LIMITED INVITATION OF UP TO 17.1 MILLION
COMPANY'S SHARES (REPRESENTING UP TO 20.32% STAKE) FOR $8.76 PER
SHARE (EQUIVALENT TO 37 ZLOTYS)
    * BUYBACK TO RUN FROM JUNE 1 TILL JUNE 29
    * SHARES UNDER BUYBACK WILL BE ACQUIRED WITH INTENTION TO
REDEEM
THEM
    * TOTAL MAXIMUM FUNDS ALLOCATED FOR BUYBACK AMOUNT TO $150
MILLION
    * COMPANY WILL CONVERT THE AMOUNTS DUE TO THE COMPANY'S
SHAREHOLDERS FROM DOLLARS TO ZLOTYS ON THE DAY PRECEDING THE
SETTLEMENT OF THE SHARE PURCHASE IN ACCORDANCE WITH THE
INTERBANK EXCHANGE RATE
    * AS OF THE DATE OF INVITATION COMPANY HOLDS 4.6 MILLION OWN
SHARES
    * THE COMPANY HAS ALSO ANNOUNCED COMPLETION OF PREVIOUS
SHARE
BUYBACK

        
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 Further company coverage:  HUGP.WA  

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