Brief: Saes Getters Proposes To Use Part Of Proceeds From Nitinol Sale For Dividend, Buyback

Saes Getters SpA

02/10/2023 14:54

Oct 2 (Reuters) - Saes Getters SpA  SAEI.MI :
    * BOARD PROPOSES TO USE PART OF PROCEEDS FROM NITINOL SALE TO DISTRIBUTE
DIVIDEND
OF EUR 12.51 PER SHARE
    * BOARD PROPOSES TO BUY 5,700,325 OWN SHARES UP TO OUTLAY OF EUR 140 MILLION
    * REMAINING PROCEEDS, ABOUT EUR 350 MILLION, TO BE USED FOR BUSINESS GROWTH
    * MAXIMUM SHARE PRICE FOR BUYBACK IS EUR 24.56 PER SHARE


Further company coverage:  SAEI.MI 

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