The company "IDEAL GROUP S.A." now operating under the new name "IDEAL HOLDINGS S.A." (hereinafter referred to as the "Company"), in compliance with the relevant provisions of the European Market Abuse Regulation (EU) 596/2014 (MAR) and the Athens Stock Exchange Regulations, informs the investment community that, following the decision of the Extraordinary General Meeting of Shareholders on 02.12.2021 and the subsequent decision of its Board of Directors on 23.12.2021, it intends to initiate the implementation of the Company's Share Buyback Program starting on 27.12.2021.
The share buybacks will be conducted through PIRAEUS SECURITIES S.A. The total number of shares to be acquired will not exceed 3,108,670 (representing 10% of the paid-up share capital, excluding the 38,855 treasury shares already held), with a minimum purchase price of €2.00 per share and a maximum purchase price of €7.00 per share. The program will have a maximum duration of twenty-four (24) months from the date of the decision of the Extraordinary General Meeting, ending on 01.12.2023.
The purpose of the program is to reduce the Company's share capital by canceling the shares acquired during the program's duration and/or to distribute the acquired shares to the Company's employees or employees of affiliated companies, as defined in Article 32 of Law 4308/2014, in accordance with the provisions of Article 49 of Law 4548/2018.
The share buybacks will be carried out to the extent they are considered advantageous for the Company, taking into account the Company's available liquidity and prevailing market conditions.
