(Finance) – The board of directors of Simona company listed on Euronext Growth Milan (EGM) and active in the publishing field, has decided to submit the proposal to authorize the purchase and disposal of treasury shares. The proposal is to set the amount that can be used for the purchase of own shares at 450,000 euros, based on available reserves.
The authorization to purchase treasury shares is requested for the maximum duration permitted by law, a 18 month periodfrom the date of any resolution approving this proposal by the assembly.
The resources for the purchase of own shares will derive from liquidity, already currently invested in other securities and fundstherefore without this involving the use of the proceeds deriving from the recent capital increase carried out on the occasion of the admission to trading on Euronext Growth Milan, and without affecting the liquidity useful for current activities and ongoing investments, we read in a note .
As of today, the company does not hold treasury shares in portfolio.
The Board of Directors approved the convocation of the ordinary shareholders’ meeting on 14 March 2024 on first call and, where necessary, on 15 March 2024 on second call.
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