Novabase S.G.P.S., S.A. (DB:NVQ) commences share repurchases on September 30, 2021, under the program mandated by the Extraordinary General Meeting held on May 25, 2021. As per the mandate, the company is authorized to repurchase own shares.
On September 28, 2021, the company initiated a share repurchase program. Under the program, the company will repurchase up to 270,000 ordinary shares, representing 10% of the share capital for 1.5 million. The price of acquisition shall fall within a minimum of 25% below the weighted average value of the weighted daily average trading prices of the shares on Euronext Lisbon during the 10 trading sessions immediately preceding the date of acquisition or the creation of the right to acquire shares, and a maximum of 25% above that value. The program will expire on December 31, 2023.