Montea Comm. VA commences an Equity Buyback Plan for 1,602,369 shares, representing 10% of its issued share capital, under the authorization approved on November 9, 2020.

Montea Comm. VA (ENXTBR:MONT) commences share repurchases on January 6, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting held on November 9, 2020. As per the mandate, the company is authorized to repurchase 1,602,369 shares, representing 10% of its issued share capital.

The shares will be repurchased at a unit price that may not be lower than 75% of the average of the closing price of the share on the regulated market Euronext Brussels during the last twenty trading days before the date of the transaction (acquisition and pledge) and which is not higher may exceed 125% of the average of the closing price of the share on the regulated market Euronext Brussels during the last twenty trading days before the date of the transaction. The program is valid for 5 years. As of October 8, 2020, the company had 16,023,694 shares in issue.