Esotiq & Henderson launches buyback program

The extraordinary general meeting of listed on NewConnect Esotiq & Henderson authorized the management board to purchase a maximum of 446.7k own shares for a maximum of PLN 21 million, the company said in a market filing. “The total number of treasury shares purchased will not exceed 446 700. The total nominal value of these shares will not exceed PLN 44,670, which is not more than 20 percent of the share capital of the company, which as at the date of adoption of this resolution is PLN 223,350 , however, the total nominal value of the shares acquired may not exceed 20 percent of the share capital of the company, including also the nominal value of the remaining own shares that were not sold by the company. The total maximum amount to be paid for the acquired shares is PLN 21 million. The above amount includes the price for the purchased shares and the purchase price. The price at which the company will buy its own shares can not be higher than PLN 45 or lower than PLN 0.1,” the company’s resolution said. At end of the trading day on Monday, the company’s shares were worth PLN 28.1