Impera Capital announces buyback program

WSE-listed private equity fund Impera Capital wants to buy 940k of its shares for PLN 1.5 apiece in the first tranche of its buyback program. The number of shares represents 10 percent stake in the company. Impera plans to redeem the shares after their acquisition in order to lower the company’s capital. The fund also informed that it has set the terms and conditions for the acquisition of own shares under its buyback program, which will cover 1,880,000. The program should take place within the next 5 years and will be implemented in tranches. The price has been set at PLN 0.1-2.5 apiece, and should not exceed PLN 2.9 million overall.