(Finance) – Triboo announced that the Board of Directors has resolved to launch the own share buyback program in one or more tranches, for a number maximum from 574,804 shares ordinary shares, equal to 2% of the capital, which will be allocated a maximum countervalue equal to 750,000 euros.
In particular, the Purchase Program is intended to allow the Company to keep for subsequent uses, giving a mandate to the Board of Directors in order to decide on the disposal of the same treasury shares, by way of example but not limited to, in accordance with the guidelines strategic that the Company intends to pursue, in the context of extraordinary transactions, including exchange, exchange, contribution or share capital transactions (including the use of bonds convertible into Company shares or bonds with warrants) as well as in the context of exchange or sale of share packages or for the conclusion of commercial or strategic alliances and, in general, for uses deemed to be of financial or management interest for the Company.
The purchases will be made with the purposes and within the limits set by the Shareholders’ Meeting of 29 April 2022.
Triboo also specified that it will make use of an intermediary for the execution of the Program and that this Program will start from the date the intermediary is assigned the mandate and until 29 October 2023, corresponding to the end of the eighteen months following the shareholders’ meeting on 29 April. 2022 which authorized the Board of Directors to purchase treasury shares.
The Company currently holds 448,904 treasury shares, equal to 1.562% of the share capital.
In Piazza Affari, today, discount for Triboowhich records the session in sharp decline, showing a loss of 3.15% on the previous values.