Brief: Mercator Medical Intends To Buy Back Shares For Up To 100 Mln Zlotys

Mercator Medical SA

22/04/2022 07:24

April 22 (Reuters) - Mercator Medical SA  MRCP.WA :
    * SAID ON THURSDAY THAT IT HAS INTENDED TO CONDUCT BUYBACK
OF UP
TO 20% OF OWN SHARES VIA ITS SUBSIDIARIES 
    * MANAGEMENT INTENDS FOR BUYBACK TO BE CONDUCTED WITHIN 12
MONTHS
FOR AMOUNT OF UP TO 100 MILLION ZLOTYS
    * MANAGEMENT WILL REQUEST ORDINARY GENERAL MEETING TO
APPROVE
RESOLUTION ON COVERING 2021 NET LOSS FROM PROFITS OF FUTURE
PERIODS
    * NO STANDALONE PROFIT FOR 2021 AND FACT THAT COMPANY HAS NO
RESERVE OR SUPPLEMENTARY CAPITAL CREATED OUT OF PROFIT DOES NOT
ALLOW FOR PAYMENT OF DIVIDENDS OR PURCHASE OF OWN SHARES BY
COMPANY IN 2022 
    * DUE TO NET LOSS FOR 2021 COMPANY WILL NOT BE ABLE TO PAY
ADVANCE
ON DIVIDEND IN 2022 EVEN IF COMPANY WOULD RECEIVE POSITIVE
STANDALONE FINANCIAL RESULTS DURING THE YEAR

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM662rcKa
 Further company coverage:  MRCP.WA  

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