The purchase price will range between RON0.1 and RON0.4 per share, which means the operation could reach a maximum RON24 million. The program will run for 18 months and targets to reduce the share capital by annulling the shares repurchased, as per stock market data.
Electromagnetica switched to RON2.9 million profit in the first nine months of 2024, after reporting RON1.5 million loss in the same period a year before, as per its quarterly financial report published at the Bucharest Stock Exchange.