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34 investors offer shares to Ekspress Grupp for buyback
BC, Tallinn, 10.05.2016.
Print version
Print versionIn the framework of a buyback program of the listed Estonian media group AS Ekpress Grupp, 34 investors wanted to sell more than 829,000 shares or which the group is to buy back 500,000 shares, informs LETA/BNS.
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Ekspress Grupp last week announced it wanted to buy back up to 500,000 own shares from shareholders from May 2-6 at 1.30 euros per share. During the period, 34 investors wanted to sell 829,167 shares, the company told the stock exchange.
The issuer will buy all the shares from 23 investors who wish to sell up to 1,000 shares. In addition, 1,000 shares will be bought also from the other sellers and the remaining part of an offer will be multiplied by 0.5952, the result of which will represent the number of shares the issuer will buy from an investor in addition to 1,000 shares.
The value date of the transaction is May 11, 2016.
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