In accordance with the Extraordinary General Meeting of Shareholders’ Decision no. 3 of April 29, 2022, published in the Official Gazette part IV no. 2052/May 27, 2022, the program refers to the purchase by Agroland Agribusiness S.A. of a maximum number of 11,250 shares, at a minimum price of RON0.1 per share and a maximum price equal to the lowest value of (i) RON45 lei per share and (ii) the highest value of the price of the last independent transaction and the highest price at that moment of the independent purchase offer from the trading venue where the purchase is made, according to art. 3 para. (2) Delegated Regulation no. 1052/2016 supplementing the Regulation (EU) no. 596/2014.
The maximum value of transaction may therefore be RON506,250.
“The company can redeem a daily volume of shares of up to 25% of the average daily quantity of shares that are traded on the market on which the acquisition is made, calculated according to the applicable legislation (…). The company will report weekly on the conduct of the buy-back program, according to the legal provisions in force,” Agroland Agribusiness’ report to the Bucharest Stock Exchange says.
Agroland Agribusiness shares have lost 1.85% in 2022 amid a RON10 million traded volume, Bucharest Stock Exchange data show. The capitalization of the company stands at RON165 million.
(English version by Loredana Fratila-Cristescu)