Monbat to initiate a share buyback of up to 3% of share capital (POSITIVE)
Source: Monbat; FFBH
Monbat announced, that on 21 September, the BoD decided to initiate a share buyback procedure. According to the press release, up to 3% of share capital (1 170 000 shares) will be bought within a lower limit of BGN 4.51 and upper limit of BGN 8.75 per share. The procedure will begin on 26 September and last for 180 days (25 March 2023). However, in case that the buyback amount has not reached the limit of 3% of share capital by then, the BoD may decide to extend it by another 180 days.