Brief: Miquel Y Costas & Miquel Approves Fourth Share Repurchase Program Of Up To 7.2 Mln Euros

Miquel y Costas & Miquel SA

30/11/2022 17:40

Nov 30 (Reuters) - Miquel y Costas & Miquel SA  MCM.MC :
    * GENERAL MEETING OF SHAREHOLDERS AGREED TO CARRY OUT A NEW
SHARE
REPURCHASE PROGRAM WITH EFFECTS ONCE THE VALIDITY PERIOD OF
PREVIOUS PROGRAM HAS EXPIRED
    * BUY-BACK PROGRAM WILL HAVE A MAXIMUM AMOUNT OF 7.2 MILLION
EUROS
UP TO A MAXIMUM OF 600,000 SHARES, WHICH REPRESENT 1.5% OF
CURRENT SHARE CAPITAL
    * PURPOSE OF REPURCHASE PROGRAM TO REDUCE SHARE CAPITAL
THROUGH
REDEMPTION OF TREASURY SHARES IN ORDER TO CONTRIBUTE TO
SHAREHOLDER REMUNERATION POLICY THROUGH INCREASE IN EARNINGS PER
SHARE
    * PROGRAM WILL REMAIN IN FORCE FOR A PERIOD OF 12 MONTHS,
COUNTING
FROM ITS COMMUNICATION TO THE NATIONAL COMMISSION OF MARKET OF
SECURITIES (CNMV)

Source text for Eikon:  ID:nCNM93Kmg9 
Further company coverage:  MCM.MC 
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