Naturgy Energy Group, S.A. (BME:NTGY) announces a share repurchase program. Under the program, the company will repurchase up to 370,000 shares, for ?11 million. The shares will not be repurchased at a price higher than the highest of the price of the last independent trade or the highest current independent purchase bid on the trading venue where the purchase is carried out.
The repurchased shares will be used for delivery to active employees of the group in Spain who choose to have part of their salary paid in shares rather than in cash by 2024, within the framework of the general remuneration policy of the company. The program is valid until August 4, 2023.