The start of the repurchase program of own shares was announced by PPC following the relevant decision of the Extraordinary General Meeting of its shareholders and the decision of the Board of Directors.
The purchases of the own shares will be made through the ATHEX member. Piraeus SA, as the company states in a relevant announcement. The maximum number of own shares that can be acquired will not exceed 1,856,000 which correspond to 0.8% of the total shares of PPC before the recent share capital increase, with a minimum purchase price of five euros per share and a maximum price. seventeen euros per share.
The period during which purchases of own shares can be made is expected to start on 2.1 / 2022 and will end later on 4.6.2023.
The purpose of the program is the distribution of shares free of charge to the entitled executives of PPC in accordance with article 114 of Law 4548/2018 and the more specific provisions of its Remuneration Policy.
The purchases of own shares will be made to the extent that will be considered advantageous for PPC and the available liquidity of the company, as well as the current market conditions will allow it.
See the full announcement of the company in the right column “Related Files”
Source From: Capital
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