Brief: Huuuge Ups Buyback Programme To 6.5 Mln Shares

Huuuge

23/05/2022 06:41

May 23 (Reuters) - Huuuge Inc  HUGP.WA :
    * SAID ON SUNDAY THAT BOARD OF DIRECTORS HAS RESOLVED TO
EXPAND
SHARE BUYBACK PROGRAMME (SBB)
    * UNDER BUYBACK THE LIMIT OF 2.5 MLN SHARES HAS BEEN
INCREASED TO
6.5 MLN SHARES
    * THE DECISION TO INCREASE THE LIMIT WAS MADE AFTER
CONSIDERING
THE CURRENT COURSE OF THE SBB PROGRAM, TAKING INTO ACCOUNT
CURRENT MARKET CONDITIONS, CASH POSITION OF COMPANY AND MEDIUM-
AND LONG-TERM FORECASTS OF THE COMPANY'S DEMAND FOR SHARES FOR
PURPOSES OF COVERING THE REQUIREMENTS RELATED TO THE EMPLOYEE
STOCK OPTION PLAN
    * PRICE UNDER BUYBACK WILL BE NO HIGHER THAN 40 ZLOTYS PER
SHARE


        
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM9Mm200a
 Further company coverage:  HUGP.WA  

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