The minimum purchase price will be the market price at the Bucharest Stock Exchange at the moment the purchase is carried out and the maximum price will stand at RON2.2 per share, meaning the value of the program is likely to amount to RON16.7 million, in line with ZF calculations.
“The company will repurchase shares with a view to reducing share capital by share canceling,” say the company’s representatives.
BT Capital Partners was selected to handle the deals.
Evergent Investments has a RON1.2 billion capitalization. Its shares have dropped by 4% in the past year amid deals worth RON213 million.
(English version by Catalina Apostoiu)