Brief: Viscofan Launches Buy-Back Program For Up To 76 Mln Euros

Viscofan SA

25/01/2024 17:16

Jan 25 (Reuters) - Viscofan SA  VIS.MC :
    * APPROVES SHARE REPURCHASE PROGRAM FOR UP TO 76 MILLION
EUROS,
1.4 MILLION SHARES, ABOUT 3% OF SHARE CAPITAL
    * PROGRAM TO COMMENCE ON JAN 26 AND WILL REMAIN IN FORCE
UNTIL DEC
31 (BOTH INCLUDED)
    * REPURCHASE PROGRAM IN CONTEXT OF SCRIP DIVIDEND PROPOSAL
TO BE
SUBMITTED TO SHAREHOLDERS
    * BOARD PLANS TO REDUCE CO'S SHARE CAPITAL BY REDEEMING
TREASURY
SHARES, THUS AVOIDING DILUTION OF THOSE SHAREHOLDERS WHO CHOOSE
TO RECEIVE THEIR DIVIDEND IN CASH
    * IN EVENT THAT GENERAL MEETING DOES NOT AUTHORISE FLEXIBLE
REMUNERATION PROGRAM, SHARES BOUGHT UNDER PROGRAM WILL ALSO BE
REDEEMED

Source text for Eikon:  ID:nCNM1Sv8sY 
Further company coverage:  VIS.MC 

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