ESOTIQ & Henderson S.A. commences an Equity Buyback Plan for 446,700 shares, representing 20.21% of its issued share capital for PLN 21 million, under the authorization approved on January 19, 2018.
March 21, 2021 at 05:37 pm EDT
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ESOTIQ & Henderson S.A. (WSE:EAH) commences share repurchases on March 16, 2021, under the program mandated by the shareholders in the Extraordinary General Meeting held on January 19, 2018. As per the mandate, the company is authorized to repurchase up to 446,700 shares, representing 20.21% of its issued share capital for PLN 21 million. The shares will be repurchased within a price range of PLN 0.1 per share to PLN 45 per share. The program will be funded from the company's capital reserve. The repurchased shares will be used to offer shares of their own company to purchase workers or people , who were employed in the company or a company with its related party for a period of at least three years old, implementation of the managerial option program, resale, reissue or reduction of the company's share capital. The authorization will be valid till December 31, 2022. As of January 19, 2018, the company had 2,209,905 shares in issue.
Esotiq & Henderson SA is a Poland-based company engaged in the fashion industry. The Company aims at designing, producing and selling clothes and cosmetics for female and male. Its productâs portfolio encompasses lingerie, swimsuits, pajamas and robes, as well as t-shirts, shorts, blouses, bags and dresses. In addition, Esotiq & Henderson SA provides cosmetics products, such as shower gel, lotions, peelings, creams, shampoos, conditioners, lips ticks as well as fragrances, among others. The Company operates in the domestic market, though franchising business model and internationally, through dealers in Slovakia, Lithuania, Estonia, the Russian Federation, Ukraine, Moldova, Kazakhstan and Latvia.
ESOTIQ & Henderson S.A. commences an Equity Buyback Plan for 446,700 shares, representing 20.21% of its issued share capital for PLN 21 million, under the authorization approved on January 19, 2018.