Cinkarna Celje, d. d. commences an Equity Buyback Plan for 80,797 shares, representing 10% of its issued share capital, under the authorization approved on June 4, 2019.
August 05, 2019 at 04:13 pm EDT
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Cinkarna Celje, d. d. (LJSE:CICG) commences share repurchases on August 2, 2019, under the program mandated by the shareholders in the Annual General Meeting held on June 4, 2019. As per the mandate, the company is authorized to repurchase up to 80,797 shares, representing 10% of its issued share capital. The repurchase price will not be lower than €170 per share and not higher than € 270 per share. The purpose of the program is to decrease the share capital of the company. The plan is valid for 12 months from the shareholders' approval. As of April 30, 2019, the company had 807,977 issued shares and 6,649 shares in treasury.
Cinkarna Celje dd is a Slovenia-based company, engaged in the production and marketing of titanium dioxide pigment. The Companyâs product range includes titanium dioxide and sulfuric acid; titanium and zinc sheets; zinc wire, alloys and anodes; printing plates, links and graphic preparations, as well as powder, rubber and anticorrosion coatings. Additionally, it offers construction and joint sealants; facade plasters; mortars and screeds; decorative plasters; protection, waterproofing and quick bonding agents; cement additives; copper and sulfur fungicides, as well as other chemical products. The Company operates through one wholly owned subsidiary, Cinkarna-Kvarc doo Tuzla, incorporated in Bosnia and Herzegovina.
Cinkarna Celje, d. d. commences an Equity Buyback Plan for 80,797 shares, representing 10% of its issued share capital, under the authorization approved on June 4, 2019.
CINKARNA CELJE, D. D. 
