East West Agro AB
Notification on material event
Decision of the Board of AB East West Agro to repurchase its own shares
Kaunas, Lithuania, 2020-05-29 12:02 CEST --
On 2020 May 29 The Board of East West Agro AB, in accordance with the decisions of General Meeting of Shareholders on 2020 May 7, the decided to repurchase its own ordinary registered shares with a nominal value of 1 euro. The Company has an established reserve for the acquisition of its own shares. The shares are planned to be purchased through the official offering market of the Nasdaq Vilnius Stock Exchange. If the supply of shares exceeds the number of shares to be acquired, the number of shares to be sold will be reduced proportionally for all sellers of shares. In the absence of sellers of shares, it is expected to submit a new offer at a higher share purchase price in the nearest future.
Terms of purchase:
Share repurchase date: 2020 June 2
Maximum number of shares to be acquired: 4,000 units.
The total maximum price of the shares to be acquired is EUR 20,800
Acquisition price of shares: EUR 5.20 per share
Chairman of the board