Miquel y Costas & Miquel, S.A. announces an Equity Buyback.
December 06, 2016
Share
Miquel y Costas & Miquel, S.A. (BME:MCM) commences share repurchases on December 7, 2016 under the program mandated by the shareholders in the Annual General Meeting held on June 22, 2016. Under the program, the company will repurchase up to 10% of its share capital at any given moment, directly or through companies of the Group. The minimum price can never be less than the par value of the share or 20% higher than the closing price of the day prior to the buyback. The purpose of the program is to use treasury shares for compensatory programs. In accordance with articles 146 and related articles of the Spanish Corporate Law. The authorization is valid for a period of five years.
Miquel y Costas & Miquel SA is a Spain-based company primarily engaged, through its subsidiaries, in the production of fine and lightweight paper used in the tobacco industry. The Companyâs products are distributed both domestically and abroad, and also include printing, writing, rolling and specialty papers, as well as textile pulps. The Company is a parent of Grupo Miquel y Costas, a group which comprises such companies as SA Paya Miralles, Celulosa de Levante SA, Papeles Anoia SA, Desvi SA, Sociedad Espanola Zig Zag SA, MB Papeles Especiales SA, Miquel y Costas Tecnologias SA, Proyectos Energeticos MB SA and Terranova Papers SA. In addition, it operates the Besos and Pla de la Barquera production plants, which are located in the province of Barcelona, and the Mislata production plant, located in the province of Valencia.
MIQUEL Y COSTAS & MIQUEL, S.A. 
