On August 3, the extraordinary General Assembly of PPC will take place, which is called to approve the new share purchase program.
According to an announcement, the features of the proposed Repurchase Program are as follows:
Maximum Number of Shares: Existing ordinary registered shares issued by PEDPEC 0.00%, which correspond to a maximum of 10% of its paid-up share capital, after deducting the 1,856,000 own shares that have already been acquired from a previous own share buyback program, i.e. up to 36,344,000 shares (the “Own Shares”).
Duration of the Repurchase Program: Up to 24 months from the day after its approval by the general meeting of shareholders. The exact start date of the Repurchase Program will be set by the Board of Directors, upon authorization by the general meeting of shareholders, depending on the market conditions and the liquidity of PPCDEH 0.00%.
Own Shares acquisition price range: Between €2.48, as a minimum, which is equal to the nominal value of the share, and €17, as a maximum, per Own Share.
Source: Capital
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