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| Name | Symbol | Market | Type |
|---|---|---|---|
| Iberdrola SA (PK) | USOTC:IBDRY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.07 | 0.14% | 49.96 | 49.50 | 50.01 | 50.11 | 49.575 | 50.11 | 28,555 | 21:00:29 |
From May 2019 to May 2024
By Giulia Petroni
Iberdrola SA (IBE.MC) said late Monday that it would start a share buyback program valued at a maximum amount of 1.57 billion euros ($1.70 billion).
The Spanish utility said it would acquire around 1.73% of its share capital. Iberdrola said the program would start Tuesday and end no later than June 12, but the company said it reserves the right to end it earlier in case it acquires the maximum number of shares allowed by the board or "when circumstances render it appropriate."
The buyback is subject to shareholders' approval at the general shareholders' meeting scheduled for early April.
Iberdrola's board also approved an agenda for the 2020 annual general meeting, which will be held on April 2.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
February 25, 2020 01:45 ET (06:45 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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