Brief: Quercus Does Not Plan FY Dividend, Considers Share Buy-Back

Quercus Towarzystwo Funduszy Inwestycyjnych SA

01/06/2018 12:04

June 1 (Reuters) - QUERCUS TOWARZYSTWO FUNDUSZY
INWESTYCYJNYCH SA  QRS.WA :
    * ON JUNE 27 SHAREHOLDERS TO VOTE ON ALLOCATING THE
COMPANY'S FY
2017 NET PROFIT, IN THE AMOUNT OF 34 MILLION ZLOTYS, TO ITS
RESERVE CAPITAL
    * THE RESERVE CAPITAL TO BE USED FOR COVERING ANY POTENTIAL
LOSSES
RELATED TO GETBACK'S  GBK.WA  BONDS OWNED AT PRESENT BY THE
FUNDS MANAGED BY THE COMPANY
    * THE MONEY COULD BE ALSO USED TO BUY BACK THE FUND'S OWN
SHARES
    * THE BUYBACK TO BE CAPPED AT THE 2017 PROFIT LEVEL AND RUN
WITHIN
5 YEARS FROM THE DATE IT'S APPROVED ON
    * UP TO 5.7 MILLION SHARES COULD BE PURCHASED AT 9.5 ZLOTY
PER
SHARE

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM4lpKPTa
    
 Further company coverage:  QRS.WA  
   


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