Brief: iAlbatros Group updates its long-term financing plan

Satis SA

17/06/2016 08:27

June 17(Reuters) - iAlbatros Group SA  IAGP.WA : 
    * Said on Thursday it updated its financing of operational 
activities plan and long-term financing plan 
    * The implementation of the plan depends upon decisions to 
be made by the company's shareholders meeting (AGM) called for 
June 22 
    * The updated plan sees execution of forecasts by its unit 
iAlbatros SA 
    * In relation to a project of AGM's resolution received from 
shareholders, plans to allocate 40 million zlotys ($10.15 
million) to share buyback program  
    * To use 22 million zlotys in years 2016-2017 on investments 
such as: broadening of products offer, creating new foreign 
branches and development of retail network, getting new 
providers of tourism services and development of partnership 
network 
    * Further simplification of group's structure 
    * Recommending to shareholders using net profit from years 
2016-2018 for reserve capital 
 
     
  
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM1645197 
     
 Further company coverage:  IAGP.WA   
    
 
 
 
($1 = 3.9414 zlotys) 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))