Novabase S.G.P.S., S.A. (DB:NVQ) commences an Equity Buyback Plan under the authorization approved on September 26, 2019.
January 22, 2020 at 06:01 am
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Novabase S.G.P.S., S.A. (DB:NVQ) commences share repurchases on January 14, 2020, under the program mandated by the Extraordinary General Meeting held on September 26, 2019. As per the mandate, the company is authorized to repurchase own shares.
On January 10, 2020, the company initiated a share repurchase program. Under the program, the company will repurchase up to 300,000 ordinary shares, representing 10% of the share capital for €10 million. The price of acquisition shall fall within a minimum of 25% below the weighted average value of the weighted daily average trading prices of the shares on Euronext Lisbon during the 10 trading sessions immediately preceding the date of acquisition or the creation of the right to acquire shares, and a maximum of 25% above that value. The program will expire on December 31, 2023.
Novabase S.G.P.S., S.A. is Portugal's number one computing company. The company currently has offices in Portugal, Angola, Mozambique, Spain, the United Kingdom, the Netherlands, the Middle East and Turkey. Novabase S.G.P.S., S.A.'s mission is to make life easier and more enjoyable for people and companies through the use of technology. Engineering and management combine with human sciences and design to create solutions focused on people.
NOVABASE S.G.P.S., S.A. 
