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AGMS adopted a new decision for share buyback of Industrial Holding Bulgaria PLC

30 Jun 2017 | 12:13

On the grounds of Artcle 187b of the Commercial Act and Article 111, para 5 of the Initial Public Offering of Securities Act, the General Meeting of the shareholders, held on 29.06.2017 adopted a new decision on share buyback of ‘Industrial Holding Bulgaria’ AD under the following terms:
a/ Maximum number of shares to be bought back – up to 3% for each calendar year as from the buyback period under l. 
b/ from the total number of shares issued by ‘Industrial Holding Bulgaria’ AD but not more than 10% in total for the whole buyback period and not more than 10% in total of the total capital of the Company;
b/ Buyback period – up to 5 (five) calendar years from the expiration of the term of share buyback of ‘Industrial Holding Bulgaria’ AD pursuant to a previous decision of the General Meeting of Shareholders held on 17 December 2012 and supplemented on 21.06.2016, namely from 17 December 2017;
c/ Minimum buyback price - BGN 0.70 per share;
d Maximum buyback price - BGN 1.20 per share;
e/ Authorises the Managing board of IHB AD to determine the remaining parameters of the share buyback and to take all necessary actions to fulfil the decision of the General Meeting of the shareholders.

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