Novabase S.G.P.S., S.A. (DB:NVQ) commences an Equity Buyback Plan under the authorization approved on May 25, 2021.
October 06, 2021 at 02:10 pm EDT
Share
Novabase S.G.P.S., S.A. (DB:NVQ) commences share repurchases on September 30, 2021, under the program mandated by the Extraordinary General Meeting held on May 25, 2021. As per the mandate, the company is authorized to repurchase own shares.
On September 28, 2021, the company initiated a share repurchase program. Under the program, the company will repurchase up to 270,000 ordinary shares, representing 10% of the share capital for €1.5 million. The price of acquisition shall fall within a minimum of 25% below the weighted average value of the weighted daily average trading prices of the shares on Euronext Lisbon during the 10 trading sessions immediately preceding the date of acquisition or the creation of the right to acquire shares, and a maximum of 25% above that value. The program will expire on December 31, 2023.
Novabase S.G.P.S., S.A. is Portugal's number one computing company. The company currently has offices in Portugal, Angola, Mozambique, Spain, the United Kingdom, the Netherlands, the Middle East and Turkey. Novabase S.G.P.S., S.A.'s mission is to make life easier and more enjoyable for people and companies through the use of technology. Engineering and management combine with human sciences and design to create solutions focused on people.
NOVABASE S.G.P.S., S.A. 
