Exor Launches EUR500 Million Share-Buyback Program
08 März 2022 - 1:34PM
Dow Jones News
By Ed Frankl
Exor NV said Tuesday that it would launch a 500 million-euro
($542.8 million) share-buyback program.
The Italian holding company said it will start by repurchasing
up to EUR100 million as the first tranche of the program.
Shares will be repurchased at a price not higher than 10% above
the reference price recorded on the day before the transaction is
made, it said.
The program is expected to be completed by 2024, with
repurchased shares to be canceled, Exor added.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
March 08, 2022 07:19 ET (12:19 GMT)
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