Brief: Sescom Resolves To Launch Buyback of Up to 20,000 Shares

Sescom SA

11/05/2020 08:05

May 11 (Reuters) - Sescom SA  SESA.WA :
    * SAID ON FRIDAY THAT IT HAS RESOLVED TO LAUNCH BUYBACK
PROGRAMME
OF UP TO 20,000 COMPANY'S SHARES, WHICH CONSTITUTE UP TO 0.95%
OF ITS STAKE
    * THE SHARES WILL BE BOUGHT BACK AT NO LESS THAN 17.90
ZLOTYS  AND
AT NO MORE THAN 26.80 ZLOTYS PER SHARE
    * THE TOTAL PRICE OF OWN SHARES PLUS COST OF THEIR
ACQUISITION
WILL NOT EXCEED THE 0.6 MILLION ZLOTY RESERVE CAPITAL CREATED
FOR THIS PURPOSE
    * THE BUYBACK PROGRAMME TO RUN TILL SEPTEMBER 30 OR UNTIL
FUNDS
ALLOCATED ARE EXHAUSTED OR MAXIMUM NUMBER OF SHARES IS ACQUIRED
    * THE PURPOSE OF THE BUYBACK PROGRAMME IS TO IMPLEMENT
INCENTIVE
PROGRAMME FOR THE COMPANY'S KEY MANAGERS  

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM8bycCva
    
 Further company coverage:  SESA.WA  
   


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