The minimum repurchase price is RON0.6 per share. Some shares will be cancelled and others will be allocated to employees or the company’s management.
SSIF Swiss Capital was designated repurchase agent and can buy a daily volume of shares of up to 25% of the company’s daily average amount of shares traded on the market.
The program will be carried out for 24 months at most from publishing the decision in the Official Gazette.
Impact registered a net profit of RON12.2 million in January-June 2017, down 11% on the year. The company has a market capitalization of RON247 million.
Impact is 49.48% held by Gheorghe Iaciu and Adrian Andrici owns 15.24% of its share capital.