New decision for share buyback of IHB

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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 18.11.2021, adopted a new decision for share buyback of ‘Industrial Holding Bulgaria’ PLC under the following terms:

a/ Maximum number of shares to be bought back – up to 3% for each calendar year as for the buyback period under l. b/ from the total number of shares issued by Industrial Holding Bulgaria PLC 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) years from the decision for share buyback of own shares of Industrial Holding Bulgaria PLC;

c/ Minimum buyback price - BGN 1.00 per share;

d Maximum buyback price - BGN 3.00 per share;

e/ Authorises the Managing board of Industrial Holding Bulgaria PLC 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.