November 13, 2017 / 10:28 AM / 6 days ago

BRIEF-JR Holding adopts share buyback program

Nov 13 (Reuters) - JR HOLDING SA:

* SAID ON FRIDAY THAT IT ADOPTED A SHARE BUYBACK PROGRAM UNDER WHICH COMPANY WANTS TO BUY UP TO 7.8 MILLION OWN SHARES OF TOTAL NOMINAL VALUE OF 780,000 ZLOTYS REPRESENTING 20 PERCENT OF THE COMPANY‘S SHARE CAPITAL

* PLANS TO BUYBACK OWN SHARES AT THE PRICE NOT LOWER THAN 0.10 ZLOTY PER SHARE AND NOT HIGHER THAN 2.00 ZLOTY PER SHARE

* RESERVES IN TOTAL 5.0 MILLION ZLOTYS FOR THE SHARE BUYBACK

* SHARE BUYBACK STARTS ON NOV. 13 AND WILL LAST TILL JUNE 30, 2020 THE LATEST

* COMPANY WILL REDEEM ACQUIRED OWN SHARES OR RESELL THEM

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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