Brief: Iberpapel Approves Temporary Buy Back Program For Up To 7.0 Mln Euros

Iberpapel Gestion SA

11/01/2023 07:31

Jan 11 (Reuters) - Iberpapel Gestion SA  IBG.MC :
    * APPROVES TEMPORARY BUY BACK PROGRAM FOR UP TO 7.0 MILLION
EUROS
    * MAXIMUM NUMBER OF SHARES TO BE ACQUIRED UNDER PROGRAM TO
BE
551,991, REPRESENTING 5% OF SHARE CAPITAL OF THE COMPANY
    * PROGRAM WILL COMMENCE ON JAN 12 AND WILL REMAIN IN FORCE
UNTIL
MARCH 31, 2023 (BOTH INCLUSIVE)
    * SOLE PURPOSE OF PROGRAM IS TO REDUCE ITS SHARE CAPITAL
THROUGH
REDEMPTION OF TREASURY SHARES, WITH AIM OF THIS CAPITAL
REDUCTION BEING TO CONTRIBUTE TO SHAREHOLDER REMUNERATION POLICY
BY INCREASING EARNINGS PER SHARE

Source text for Eikon:  ID:nCNM5x9v1G 
Further company coverage:  IBG.MC 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))