Brief: Pepco Group To Commence New Multi-Year Share Buyback Programme Of Up To EUR 400M
Thu 06:01
BRIEF-Pepco Group To Commence New Multi-Year Share Buyback Programme Of Up To EUR 400M Oct 22 (Reuters) - Pepco Group N.V. PCOP.WA:
WILL COMMENCE NEW MULTI-YEAR SHARE BUYBACK PROGRAMME OF UP TO EUR 400M ON 22 OCTOBER
PROGRAMME WILL LAUNCH WITH A FIRST TRANCHE OF UP TO EUR 50 MILLION
THE PURPOSE OF THE SHARE BUYBACK IS CAPITAL REDUCTION
AT CLOSING PRICE OF 21 OCTOBER, MAX. NUMBER OF SHARES TO BE ACQUIRED UNDER PROGRAMME IS 4,595,724 SHARES
MAX. PURCHASE PRICE PER SHARE EXCLUDING EXPENSES, WHICH COMPANY MAY PAY FOR EACH SHARE TO BE ACQUIRED, WILL BE AMOUNT EQUAL TO 110% OF MARKET PRICE OF ORDINARY SHARES
PROGRAMME IS INTENDED TO COMMENCE ON 22 OCTOBER 2026 AND WILL END NO LATER THAN 31 DECEMBER 2026
Source text: ID:nEM3WpK1Va
Further company coverage: PCOP.WA
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
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