Brief: Viscofan To Launch Buyback Programme Up To 30 Mln Euros

Viscofan SA

23/10/2024 16:59

Oct 23 (Reuters) - Viscofan SA  VIS.MC :
    * BOARD RESOLVES WITHIN FRAMEWORK OF SECOND EDITION OF
OPTIONAL
DIVIDEND PROGRAMME TO LAUNCH PROGRAMME FOR REPURCHASE OF
TREASURY SHARES
    * MAXIMUM MONETARY AMOUNT OF PROGRAMME UP TO 30 MILLION
EUROS
    * REPURCHASE PROGRAM WILL START ON OCT 24 AND WILL REMAIN IN
EFFECT UNTIL DEC 31
    * PURPOSE IS TO REDUCE CO'S SHARE CAPITAL BY REDEEMING
TREASURY
SHARES TO AVOID DILUTION OF THOSE SHAREHOLDERS WHO CHOOSE TO
RECEIVE INTERIM DIVIDEND IN CASH

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

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