The program entails the purchase by the company of a maximum number of 10,936,740 shares, at a minimum price of RON0.1 per share and a maximum price equal to the lowest value of RON3 per share and 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. Consequently, the maximum value of transactions may reach RON32.8 million.
“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. BRD – Groupe Société Générale was selected as a financial investment services company in order to administer the share buy-back program. The Company will report weekly on the conduct of the buy-back program, according to the legal provisions in force”, in line with the company’s stock market report.
The shares of AROBS Transilvania Software, a company listed on the AeRO segment of the Bucharest Stock Exchange, have lost 10% in 2022, amid total deals worth RON81.2 million, outperforming the liquidity of some issuers included in BET, the Bucharest Stock Exchange’s benchmark index.
AROBS Transilvania Software is 62.3% held by its founder and CEO, Voicu Oprean.