Neuca with PLN 120 mln buyback program

WSE-listed pharma distributor Neuca approved a buyback program of up to 300k shares at no more than PLN 120 million, the company said after its shareholders' meeting. The scheme is valid till end-2019. The maximum price has been set at PLN 400 apiece. At end of trading day on Wednesday, the company’s stock was worth PLN 280. Neuca will use its own capital for the purpose.