According to the decision of the Extraordinary General Meeting of Shareholders on July 21, 2022 published in the Official Gazette, the program entails the repurchase by SafeTech of 6,650,000 shares at a price of no less than RON0.2 and no more than RON6 each. The buyback program will be conducted to allow the company to implement a Stock Option Plan, a report to the Bucharest Stock Exchange shows.
Calculated at the highest price, the program could amount to RON39.9 million at most.
SafeTech hired Goldring as its financial investment service provider to handle the buyback program.
(English version by Loredana Fratila-Cristescu)