Thrace Plastics and Commercial S A : Commencement of Stock Repurchase Plan
July 02, 2020 at 05:29 pm EDT
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June 26, 2020
Commencement of Stock Repurchase Plan
The Management announces the commencement of a Stock Repurchase Plan
The Management of Societe Anonyme under the name 'THRACE PLASTICS HOLDINGS AND COMMERCIAL COMPANY SOCIETE ANONYME' and with the distinctive title 'THRACE PLASTICS CO S.A.' (hereinafter referred to as the 'Company'), pursuant to the resolutions of the Extraordinary General Meeting of shareholders as of March 19, 2019 and of the Board of Directors as of June 26, 2020, announces the commencement of a Stock Repurchase Plan. Based on this plan, the Company may purchase, in accordance with the provisions of article 49 of Law 4548/2018, as in force, up to a maximum of 4,373,713 treasury shares, with a price range per share between 1.50 Euro (minimum) and 3.50 Euro (maximum) and with expiry date of the above Stock Repurchase Plan on March 19, 2021.
Purchases will be made in accordance with the applicable regulatory framework
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Thrace Plastics Co. SA published this content on 26 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 July 2020 21:28:02 UTC
Thrace Plastics Holding and Commercial Societe Anonyme, formerly Thrace Plastics Co SA, is a Greece-based company engaged in the production and trade of plastic products, textiles and packaging materials. The Company's range of products are divided into three categories: Technical Fabrics & Fibers, which includes such products as woven and non-woven geotextiles, ground covers, crop covers, nets, roofing membranes, staple fibers, concrete reinforcement fibers, geogrids, Mega bag components and carpet and industrial yarns; Consumer Packaging, which offers plastic containers and lids, cups, tubs, bottles, bags for liquid packaging, as well as plastic packaging for food products, and Industrial Packaging, which includes ropes and twines, big bags, films, woven polypropylene bags, bags for heavy duty, pallet covers, and stretch hoods. The Company operates through its local and international subsidiaries.