Shareholders have also been summoned to approve a buyback program of maximum 20.8 million shares (2% of the share capital) of which a maximum 11 million shares will be bought back in order to reduce the share capital and a maximum 9.8 million shares will be bought back in order to be granted to employees, managers and directors of the company, as part of some “stock option plan” programs.
“The payment date of the dividends is June 11, 2020 and is prior to the public purchase offer, which is for the benefit of the shareholders, who will be able to receive dividends but also to subscribe their shares in the purchase offer”, according to the company, which has a market value of RON1.3 billion.