The minimum share acquisition price will be RON0.1 per share, and the maximum price will be RON3 per share, which means the maximum value of the program may reach RON78.3 million, according to ZF calculations. The payment of repurchased shares will be carried out from the distributable profit or from the company’s available reserves.
SIF5 on Friday released a new stock market report regarding the decision of the Financial Supervisory Authority (ASF) to introduce on the agenda of the Ordinary General Meeting of Shareholders of October 12 “all items requested by shareholders S.I.F. Banat-Crisana S.A (SIF1) and S.I.F. Muntenia S.A. (SIF4) through the request registered at SIF Oltenia under no.5514/01.09.2020, including the resolution regarding “Election of five administrators as members of the board of administration of Societatea de Investiții Financiare Oltenia S.A. for a new mandate of 4 years who will exercise their mandate as from their authorization date by the Financial Supervisory Authority, followed by their registration at trade register office,”