Arena Hospitality Approves a Buyback Program to Buy up to 100,000 Shares

The mentioned buyback program started on 15 September 2022 and will last until 15 September 2024.

Arena Hospitality Group held the meetings of the Management and Supervisory Board in which the Group approved the launching of a Treasury Share Buyback Program with the intention to purchase up to 100,000 of its shares. The mentioned buyback program started on 15 September 2022 and will last until 15 September 2024.  Note that the Company is not obliged to purchase the shares at any time but will act as purchaser depending on the market conditions.  

We are also proud to announce that share buyback program for Arena Hospitality will be conducted by InterCapital Securities.

In accordance with the decisions approving the program, the purchase price for the shares should not be above 10% or below 10% of the average market price for a share achieved during the previous trading day. The program can be executed through the trading system of Zagreb Stock Exchange (in and outside the order book).

InterCapital
Published
Category : Flash News

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