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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Exor NV | BIT:EXO | Italy | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
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)
Copyright (c) 2022 Dow Jones & Company, Inc.
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