Brief: Quercus TFI to buy back own shares

Quercus Towarzystwo Funduszy Inwestycyjnych SA

28/04/2016 07:13

April 28 (Reuters) - Quercus TFI SA  QRS.WA : 
    * Said on Wednesday its shareholders resolved to allocate up 
to 29.8 million zlotys ($7.69 million) from FY 2015 net profit 
for share repurchase 
    * Additionally 0.6 mln zlotys will be transferred to the 
company's capital reserve 
    * Plans to buy back up to 6.3 million own shares 
    * Shares might be acquired at 9.5 zlotys per share  
    * Previously, in March, the company's management recommended 
to  allocate 2015 net profit for either dividend payment of 0.47 
zloty per share or share repurchase  urn:newsml:reuters.com:*:nFWN1720EL  
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM2733956 
     
 Further company coverage:  QRS.WA   
    
 
($1 = 3.8748 zlotys) 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))