Viscofan To Launch Buyback Programme Up To 30 Mln Euros
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
(Gdansk Newsroom)
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