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BRIEF-Cloud Technologies plans to spend 18 mln zlotys for own shares buyback
October 30, 2017 / 4:50 PM / a month ago

BRIEF-Cloud Technologies plans to spend 18 mln zlotys for own shares buyback

Oct 30 (Reuters) - CLOUD TECHNOLOGIES SA:

* EGM TO VOTE ON NOV. 27 ON SHARE BUYBACK, CO WANTS TO BUY BACK UP TO 920,000 OWN SHARES

* PLANS TO BUY BACK OWN SHARES REPRESENTING UP TO 20 PERCENT OF CO‘S SHARE CAPITAL

* PLANS TO CREATE CAPITAL RESERVE OF 18 MILLION ZLOTYS TO COVER SHARE BUYBACK PROGRAM

* TO BUYBACK OWN SHARES AT MAXIMUM PAYMENT OF 120 ZLOTY PER SHARE AND MINIMUM OF 0.10 ZLOTY PER SHARE

* PLANS TO BUYBACK OWN SHARES TILL MARCH 31, 2018 Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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