Brief: ERG EGM Resolves To End Two Buybacks, Authorises New Buyback

Erg SA

20/03/2020 12:02

March 20 (Reuters) - ERG SA  ERGA.WA :
    * EGM RESOLVES TO LOWER TOTAL MAXIMUM AMOUNT OF FUNDS
ALLOCATED
FOR BUYBACK TO 3.2 MILLION ZLOTYS FROM 3.5 MILLION ZLOTYS
    * EGM RESOLVES TO TERMINATE MARCH 20, 2017 AND JUNE 27 2018
BUYBACKS WITH IMMEDIATE EFFECT
    * EGM AUTHORISES MANAGEMENT TO BUY BACK UP TO 69,029 OWN
SHARES
(7.88% STAKE) FOR NO MORE THAN 200 ZLOTYS PER SHARE WITHIN 60
MONTHS
    * PURPOSE FOR AUTHORISED BUYBACK IS FURTHER RESALE OF SHARES

Source text for Eikon:  ID:nEMQQJ39a 
Further company coverage:  ERGA.WA 

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