Brief: iAlbatros Group EGM agrees iAlbatros Poland sale, share buyback

Satis SA

29/12/2016 10:17

Dec 29 (Reuters) - iAlbatros Group SA  IAGP.WA : 
    * Said on Wednesday that its shareholders at an 
extraordinary general meeting (EGM) agreed to sell the company's 
unit, iAlbatros Poland SA, provided that  it is valued at the 
level of at least 140 million zlotys ($33.22 million) on an 
enterprise value basis  
    * Also resolved a shares repurchase for no less than 145 mln 
zlotys and no more than 190 mln zlotys 
    * Plans to acquire and retire shares representing between 10 
pct and 33 pct of its votes 
    * The company informed about the plans to sell its unit in 
Nov.  urn:newsml:reuters.com:*:nL8N1DM0Z7  
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM2877584 
     
 Further company coverage:  IAGP.WA   
    
 
($1 = 4.2149 zlotys) 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))