Brief: Novabase Proposes Share Buyback Program, Payment Of 0.36 Euros/Shr From Retained Earnings

Novabase SGPS SA

08/08/2019 06:54

Aug 8 (Reuters) - Novabase SGPS SA  NBA.LS :
    * SAID ON WEDNESDAY IT WOULD PROPOSE SHARE BUYBACK PROGRAM
OF UP
TO 10% OF THE SHARE CAPITAL OF THE COMPANY FOR UP TO 10.0 MLN
EUROS
    * THE PROGRAM WOULD START ON THE DATE DETERMINED BY THE
BOARD AND
END ON DEC. 31, 2023
    * THE PROGRAM IS AIMED AT COMPLYING WITH THE POTENTIAL
OBLIGATION
OF DELIVERING SHARES UNDER THE STOCK OPTIONS PLAN 
    * IT WOULD ALSO PROPOSE PAYMENT OF 0.36 EUROS PER SHARE TO
THE
SHAREHOLDERS FROM DISTRIBUTABLE RESERVES AND RETAINED EARNINGS

    
 Source text: https://bit.ly/2M6sLM5, https://bit.ly/2yJ4jHF
    
 Further company coverage:  NBA.LS  
   


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