Cinkarna Celje, d. d. commences an Equity Buyback Plan for 80,797 shares, representing 10% of its issued share capital, under the authorization approved on June 17, 2020.
September 02, 2020 at 07:22 pm
Share
Cinkarna Celje, d. d. (LJSE:CICG) commences share repurchases on August 28, 2020, under the program mandated by the shareholders in the Annual General Meeting held on June 17, 2020. As per the mandate, the company is authorized to repurchase up to 80,797 shares, representing 10% of its issued share capital. The repurchase price will not be lower than €120 per share and not higher than €230 per share.
Cinkarna Celje dd is a Slovenia-based company, engaged in the production and marketing of titanium dioxide pigment. The Companyâs product range includes titanium dioxide and sulfuric acid; titanium and zinc sheets; zinc wire, alloys and anodes; printing plates, links and graphic preparations, as well as powder, rubber and anticorrosion coatings. Additionally, it offers construction and joint sealants; facade plasters; mortars and screeds; decorative plasters; protection, waterproofing and quick bonding agents; cement additives; copper and sulfur fungicides, as well as other chemical products. The Company operates through one wholly owned subsidiary, Cinkarna-Kvarc doo Tuzla, incorporated in Bosnia and Herzegovina.
Cinkarna Celje, d. d. commences an Equity Buyback Plan for 80,797 shares, representing 10% of its issued share capital, under the authorization approved on June 17, 2020.