Fix Price Group Ltd. announces an Equity Buyback for RUB 4,000 million worth of its shares.
January 24, 2022 at 01:47 am EST
Fix Price Group Ltd. (LSE:FIXP) announces a share repurchase program. Under the program, the company will repurchase up to RUB 4,000 million worth of its stock. The shares repurchased will be cancelled and will be held in treasury. The shares may be used to enable the company to fulfil obligations arising from potential employee share option programs. The program will be valid till July 23, 2022.
On February 28, 2022, the company announced that it has terminated its agreement with JSC VTB Capital, pursuant to which VTB Capital was managing the purchases under the company's share repurchase program.