The minimum acquisition price will be RON0.1 per share and the maximum price will be RON2.75 per share. The purpose of the program is to reduce the share capital by cancellation of the repurchased shares.
The program, which will be carried out until February 15, 2020, was introduced on the agenda of the shareholders’ assembly at the proposition of two shareholders, namely, investment funds Business Capital for Romania and Broadhurst Investments.
The payment of repurchase shares will be made from the distributable profit or reserves available of the Company recorded in the last approved annual financial statement, except for the legal reserves recorded in the 2018 financial statements.
After the reduction, the fund’s share capital will be RON56 million.
SIF5 shares have been trading up 7.9% since the start of 2019, amid deals worth RON150 million, securing a market value of RON1.3 billion.