Miliboo Société anonyme commences an Equity Buyback Plan, for 10% of its issued share capital, for €3.14 million, under the authorization approved on October 18, 2018.
March 12, 2019 at 01:00 pm EDT
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Miliboo Société anonyme (ENXTPA:ALMLB) commences share repurchases on March 6, 2019 under the program mandated by the shareholders in the Combined Shareholders' Meeting held on October 18, 2018. As per the mandate, the company is authorized to repurchase shares up to 10% of the issued share capital such that the its holding in treasury after repurchasing shares can not be more than 10% of the issued share capital, for not more than € 3.14 million. The shares will be purchased at a price not exceeding €6.5 per share. The repurchased shares will be held in treasury for using them in future exchange or payment in connection with potential acquisitions, covering stock option plans and other forms of share allocation to employees and/or corporate officers under company's savings plan or free allocations by company. The repurchase program is valid for a period of 18 months. As of October 18, 2018, the company had 58,091 shares held in treasury.
Miliboo specializes in the design and marketing of modern furniture on the internet. The company sells sofas, armchairs, chairs and stools, tables, case furniture, bathroom furniture, garden furniture as well as decorative articles (light fixtures, modesty screens, paintings, rugs, etc.).
Products are sold over the miliboo.com website and through 4 Milibootik stores in France.
France accounts for 86.8% of net sales.
Miliboo Société anonyme commences an Equity Buyback Plan, for 10% of its issued share capital, for €3.14 million, under the authorization approved on October 18, 2018.
MILIBOO 
