Brief: Prochem Shareholders Agree Share Buy-Back For Up To 24 Mln Zlotys

Prochem SA

29/01/2018 07:54

Jan 29 (Reuters) - PROCHEM SA  PRMP.WA : 
    * SAID ON SATURDAY THAT ITS SHAREHOLDERS HAVE AUTHORISED THE 
COMPANY'S MANAGEMENT TO ACQUIRE AND RETIRE PROCHEM'S SHARES  
    * THE NUMBER OF ACQUIRED SHARES IS NOT TO EXCEED 960,000  
    * THE PURCHASE PRICE IS TO BE SET AT 25 ZLOTY PER SHARE AND 
THE 
TOTAL PRICE FOR THE PURCHASED SHARES IS NOT TO EXCEED 24 MILLION 
ZLOTYS 
    * MANAGEMENT AUTHORISED TO PROCEED WITH THE SHARE BUY-BACK 
UNTIL 
MARCH 30 
    * SHAREHOLDERS HAVE ALSO AGREED TO CREATE RESERVE CAPITAL IN 
AMOUNT OF 24 MILLION ZLOTYS IN ORDER TO BUY THE SHARES 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM4rT0VSa 
     
 Further company coverage:  PRMP.WA   
    
 
 
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