EUROTECH: BOD APPROVES TREASURY SHARES PURCHASE PROGRAM
15 Ottobre 2013 - 8:21PM
Annunci Borsa (Testo)
EUROTECH: BOD APPROVES TREASURY SHARES PURCHASE PROGRAM
Amaro (Italy) Â October 15th, 2013. The Board of Directors of
Eurotech S.p.A, following the authorisation for the purchase and
disposal of treasury shares voted by the Shareholders' meeting of
Eurotech held on April 24th, 2013, has approved today a treasury
shares purchase program within the purposes contemplated by "market
practice" as allowed by the Consob (Italian securities &
exchange commission), pursuant to Article 180, section 1, letter.
c), of TUF ("Consolidated Law on Finance") by resolution no. 16839
of March 19, 2009 and in EC Regulation no. 2273/2003 of December
22, 2003. In particular, the objective of the purchase program is
the constitution of a "warehouse" of shares to be used in the
execution of possible future investment transactions through the
exchange, change, conferral, transfer, or other act of disposal of
the treasury shares, including pledge as a guarantee for the
Company's financing transactions. The share purchase transactions
related to the implementation of the program will take place
through the methods and within the limits established by the
aforementioned assembly decision, and to be specific: the purchase
may involve a maximum of 1,100,000 ordinary Eurotech shares with no
stated par value, and, thus, contained within the limits of law
(20% of the share capital in accordance with Article 2357, section
3, of the Italian Civil Code) taking account the treasury shares
held by the Company to date (420,140 shares, equal to 1.183% of the
share capital), with a maximum counter value of Euro 3 million; the
purchase of treasury shares should take place within the limits of
the distributable profits and available reserves as stated on the
last balance sheet (also interim) approved at the time of the
transaction; the purchases of treasury shares will be conducted in
accordance with the operating conditions established by Consob
pursuant to Article 180, section 1, letter c), of the TUF by
resolution no. 16839 of March 19, 2009, as well as EC Regulation
no. 2273/2003 of December 22, 2003 where applicable. In particular,
the purchase price should not exceed the higher price between that
of the last independent transaction and the highest current
independent bid price in the trading venues where the purchase will
be made, provided that the unitary consideration can never be less
than a minimum of 15% or higher than the maximum of 15% compared to
the arithmetical average of the official Eurotech share price
recorded during the ten Stock Exchange trading days preceding each
acquisition; the purchases will be made in accordance with Article
144-bis, section 1, letter b) of Consob Regulation 11971/1999 (as
subsequently modified) and the applicable provisions, so as to
ensure the equal treatment of all shareholders as required by
Article 132 of the TUF, and thus on regulated markets, according to
the operating rules set forth in the organizational and management
regulations of the markets themselves, which do not permit the
direct matching of negotiation proposals for purchase with
predetermined negotiation proposals for sales; the purchase program
may be conducted in several installments, during the whole time
period defined by the Shareholders' Meeting and hence until October
23rd, 2014.
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Eurotech S.p.A. will announce the transactions carried out on a
weekly basis providing the details of such transactions.
EUROTECH spa Via F. Solari, 3/A 33020 Amaro (UD) - ITALY Tel. +39
0433 485411 Â Fax. +39 0433 485455 ir@eurotech.com
www.eurotech.com
About Eurotech Eurotech (ETH.MI) is a global company that
integrates hardware, software, services and expertise to deliver
embedded computing platforms and sub-systems to leading OEMs,
system integrators and enterprise customers for successful and
efficient deployment of their products and services. Drawing on
concepts of minimalist computing, Eurotech lowers power draw,
minimizes physical size and reduces coding complexity to bring
sensors, embedded platforms, subsystems, ready-to-use devices and
high performance computers to market, specializing in defense,
transportation, industrial and medical segments. By combining
domain expertise in wireless connectivity as well as communications
protocols, Eurotech architects platforms that simplify data
capture, processing and transfer over unified communications
networks. Learn more about Eurotech at www.eurotech.com.
Company contacts: Investor relations Andrea Barbaro Tel. +39 0433
485411 e-mail: andrea.barbaro@eurotech.com Corporate Press Office
Cristiana della Zonca Tel. +39 0433 485411 e-mail:
cristiana.dellazonca@eurotech.com
EUROTECH spa Via F. Solari, 3/A 33020 Amaro (UD) - ITALY Tel. +39
0433 485411 Â Fax. +39 0433 485455 ir@eurotech.com
www.eurotech.com
Grafico Azioni Eurotech (BIT:ETH)
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Da Giu 2024 a Lug 2024
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Da Lug 2023 a Lug 2024
