Cofina SGPS, S.A. will seek shareholder approval for a share repurchase program at its Annual General Meeting to be held on April 18, 2013. Under the program, the company will repurchase up to 10,256,583 of its own shares, such that it's holding in treasury does not exceed 10% of its issued share capital. The minimum and maximum acquisition prices will be 80% and 110%, respectively, of the shares price at the closing of the session immediately before the day on which the transaction is to be made.
The shares will be repurchased from the stock exchange market. The program will be valid for a period of 18 months. As of March 21, 2013, the company has 102,565,836 shares in issue and as of December 31, 2012, no shares in treasury.
Cofina, SGPS, S.A. specializes in the publishing of newspapers and magazines in the areas of economics (Jornal de Negócios), sports (Record), general culture (Correio da Manhà, Sábado), IT (PC Guia, Semana Informatica) and other (Maxima, Vogue, Automotor, TV Guia, Rotas & Destinos, etc.). Net sales break down by activity as follows:
- publishing of newspapers and magazines (73.3%);
- operation of TV channels (26.7%): owned the channel cmTV.
Net sales break down by source of income into sales of newspapers and magazines (38.9%), sales of advertising spaces (37%) and other (24.1%).
COFINA, SGPS, S.A. 
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