Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Bolsas y Mercados Espanoles  >  MásMóvil Ibercom, S.A.    MAS   ES0184696104

MÁSMÓVIL IBERCOM, S.A.

(MAS)
  Report
End-of-day quote. End-of-day quote Bolsas y Mercados Espanoles - 11/03
22.5 EUR   0.00%
2020MÁSMÓVIL IBERCOM S A : Actualización 3Q20
PU
2020MÁSMÓVIL IBERCOM S A : Precio de la ampliación del bono de Lorca
PU
2020MÁSMÓVIL IBERCOM S A : Delisting of the Company's shares
PU
SummaryChartsNewsRatingsCalendarCompanyFinancials 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

MásMóvil Ibercom S A : Shares Buy Back Program

04/15/2020 | 01:21pm EST

COMMUNICATION OF A RELEVANT FACT

MASMOVIL GROUP

April 3rd 2020

In accordance with article 17 of the Regulations (UE) number 596/2014 on market abuse and article 228 of the Securities Market Act passed by Legislative Royal Decree 4/2015 of October 23 and concordance rules, we inform the market about the following Relevant Fact referred to MASMOVIL IBERCOM, S.A. ("MASMOVIL" or the "Company" o the "Group").

RELEVANT FACT

MASMOVIL informs that the Company will carry out a share buyback program under the authorization granted by the General Shareholders' Meeting dated June 22nd, 2017 and following the approval by the Board of Directors dated March 25th, 2020.

Background

On April 2nd 2020, MASMOVIL has received from a group of employees including the Chief Executive Officer of the Company and Executive VPs, firm commitments, subject only to certain restrictions, for the joint acquisition of MASMOVIL's treasury stock.

The top 12 beneficiaries of MASMOVIL's long term incentive plan, designed as a Share Appreciation Plan ("SAR") commit thus for the investment of up to 50%, jointly, of the net cash received at the expiration of the SAR whose vesting date is September 1st, 2020, at the average price of the trading session in which the SAR is settled.

Buyback Program

The buyback program, whose management will be independent from MASMOVIL, will have the following characteristics:

  1. Purpose of the buyback program: to cover the sale of treasury shares as detailed above.
  2. The maximum amount assigned to the buyback program is twelve million euros (€12,000,000).
  3. The maximum number of shares that can be acquired will be one million (1,000,000).
  1. The shares will be purchased in compliance with the price and volume conditions established in Article 3 of the Commission's March 8th, 2016 Delegated Regulation (EU) 2016/1052, which completes the Regulation (EU) No. 596 / 2014 of the European Parliament and the Council in what respects the technical rules relating to the applicable conditions for buyback programs and stabilization measures
  2. Specifically, regarding the price, it will be restricted, mainly, by the following:
    1. the price of the last independent transaction.
    2. the highest independent bid at that time in the trading exchange where the purchase is made.
  3. Regarding the trading volume, the Company will not acquire more than 25% of the average daily volume of MASMOVIL shares in the trading exchange where the purchase is made, this limit applies to the entire buyback program. For these purposes, the average daily volume should be calculated on the average traded daily volume in the 20 trading days prior to the purchase date.
  4. It will start on April 3rd, 2020 and will remain active until April 30th, 2020 (inclusive). However, the Company could finish the buyback program if, prior to the indicated deadline, all the program shares had been acquired or if any circumstances that so advises occurred.

The buyback program will be implemented by Banco Inversis, S.A., which will operate independently from MASMOVIL.

While the Repurchase Program is in force, the Liquidity Agreement signed with Santander Investment Bolsa, Sociedad de Valores, S.A.U., dated July 20, 2017 (Register 254,721) will be temporarily suspended.

The interruption, termination or modification of the Repurchase Program, as well as the operations of purchase of shares carried out by virtue thereof, will be duly communicated to the Comisión Nacional del Mercado de Valores through the corresponding relevant fact with the periodicity required by the Regulation on Delegated Regulation 2016/1052.

Madrid, April 3th 2020

D. Meinrad Spenger

CEO

MASMOVIL IBERCOM, S.A.

Disclaimer

Masmovil Ibercom SA published this content on 15 April 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 April 2020 17:20:06 UTC


© Publicnow 2020
All news about MÁSMÓVIL IBERCOM, S.A.
2020MÁSMÓVIL IBERCOM S A : Actualización 3Q20
PU
2020MÁSMÓVIL IBERCOM S A : Precio de la ampliación del bono de Lorca
PU
2020MÁSMÓVIL IBERCOM S A : Delisting of the Company's shares
PU
2020Europe telecoms lobby group 'denounces' bans on Chinese vendors
RE
2020MasMovil says has not been in talks with Vodafone
RE
2020MasMovil says had no contacts with Vodafone over potential takeover
RE
2020MÁSMÓVIL IBERCOM S A : Call of EGM
PU
2020Sufficient MasMovil shareholders support take-private deal
RE
2020Sweden's EQT to buy Idealista for $1.5 billion in hot Spanish market
RE
2020Liberty Global surprises with $7.4 billion deal to buy Sunrise in latest tele..
RE
More news
Financials
Sales 2020 1 864 M - -
Net income 2020 126 M - -
Net Debt 2020 1 922 M - -
P/E ratio 2020 -
Yield 2020 -
Capitalization 2 956 M 3 505 M -
EV / Sales 2020 2,62x
EV / Sales 2021 2,22x
Nbr of Employees 964
Free-Float 6,54%
Chart MÁSMÓVIL IBERCOM, S.A.
Duration : Period :
MásMóvil Ibercom, S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Managers and Directors
NameTitle
Meinrad Spenger Chief Executive Officer & Director
Eduardo Díez-Hochleitner Rodríguez Chairman
José María del Corro Chief Financial Officer
Santos Fernandez Miguel Chief Technology Officer
José Eulalio Poza Sanz Vice Chairman
Sector and Competitors