Aplisens S.A. commences an Equity Buyback Plan for 2,366,563 shares, representing 20% for PLN 13 million, under the authorization approved on June 29, 2021.
June 28, 2021
Share
Aplisens S.A. (WSE:APN) commences share repurchases on June 29, 2021, under the program mandated by the shareholders in the Annual General Meeting held on June 29, 2021. As per the mandate, the company is authorized to repurchase 2,366,563 shares, representing 20% of the share capital for PLN 13 million allocated by the company. The payment for the repurchased shares will range from PLN 0.001 million to PLN 5 million, in relation to shares purchased in order to implement the Incentive Program and from PLN 0.001 million to PLN 8 million for shares purchased for redemption. The shares repurchased will be redeemed for the purpose of reducing the share capital of the company or offering it for purchase entitled under the Incentive Program. The repurchases will be funded from the reserve capital created by the company. The program will expire on June 30, 2022, or until funds allocated for implementation of the buyback is exhausted. As of June 29, 2021, the company had 11,869,173 ordinary shares issued and 36,358 own shares in treasury.
Aplisens SA is a Poland-based measuring instruments manufacturer. The Company produces implements and services miscellaneous control and measurement products, such as differential pressure transmitters, hydrostatic level probes, level transmitters, valves, digital indicators, power supplies, separators and gauges, among others. The Company owns production units in Warsaw, Ostrow Wielkopolski and Krakow, Poland and one in Belarus. The Company is present through numerous branch offices in Poland and abroad: in Eastern Europe (Russia, Ukraine and Belarus), the European Union and Asia. On July 4, 2014, the Company established new subsidiary, Aplisens Srl.
Aplisens S.A. commences an Equity Buyback Plan for 2,366,563 shares, representing 20% for PLN 13 million, under the authorization approved on June 29, 2021.
APLISENS S.A. 
