Pfleiderer launches buyback program

WSE-listed building materials producer Pfleiderer has launched a buyback program for up to 5 percent of its shares (3.24 million) at PLN 37.5 apiece. Offers will be collected between January 19 and February 2, with the purchase date set for February 7. Back in June company shareholders approved a one-year buyback program for up to 10 percent of its shares in the PLN 0.33 - 60 threshold. The buyback will be financed from reserve capital. At end of the trading day on Thursday, Pfleiderer shares were worth PLN 37.4 apiece.