Tranche Update on Viscofan, S.A.'s Equity Buyback Plan announced on May 25, 2018.
February 23, 2022
Share
From January 1, 2021 to December 31, 2021, the company has repurchased 88,000 shares, representing 0.19% for 5.11 million. With this, the company has completed the repurchase of 481,124 shares, representing 1.04% for 22.92 million under the buyback announced on May 25, 2018.
Viscofan SA is a Spain-based company engaged in the packaging industry, mainly for meat products. The Company focuses on the manufacture and distribution of artificial castings, as well as plastic films that are used for separation of sliced food. Its products range includes cellulose, collagen, fibrous and plastic castings. In addition, it designs and produces packing machinery, as well as provides related spare parts. The Company also sells electric power, which is produced by cogeneration systems. The Company operates manufacturing plants and sales offices in Spain, Serbia, Czech Republic, Germany, Brazil, Mexico, Uruguay, China and the United States, among others. It controls a number of subsidiaries, such as Nanopack, Technology and Packaging SL, Naturin Viscofan GmbH and Viscofan Centroamerica Comercial SA.