The approved buyback of a maximum of 80,797 own shares, representing 10% of the share capital of Cinkarna, will last for a period of 12 months, starting from 18 June onwards.

Cinkarna has announced to its shareholders that the Supervisory Board and Management Board of the Company adopted the share buyback program of that Company, on the 7 July and 1 of July respectively. On GSM held on 15 June 2022, the Management Board of the Company was authorized to acquire treasury shares for a period of 12 months, from and including 18 June 2022 onwards.

The approved buyback of a maximum of 80,797 own shares will last for a period of 12 months. The price at which the shares can be purchased cannot be under EUR 140 per share or above EUR 290 per share. Consequently, after the approved share split, the purchase price may not be lower than EUR 14 or above EUR 29 per share. You can read more about Cinkarna’s share split here.

The company will keep the public regularly informed of any share buyback transactions within the mentioned deadline of 12 months.

As of the announcement date, Cinkarna holds 26,465 own shares, which represents 3.3% of the share capital.