Prosegur Cash, S.A. commences an Equity Buyback Plan under the authorization approved on February 6, 2017.
June 18, 2020
Share
Prosegur Cash, S.A. (BME:CASH) commences share repurchases on June 12, 2020 under the program mandated by the shareholders in the Annual General Meeting held on February 6, 2017. As per the mandate, the company is authorized to repurchase to repurchase its own shares.
On June 3, 2020, the company announced a share repurchase program. Under the program, the company will repurchase up to 45,000,000 shares, representing 3% of its issued share capital, for total worth of €40 million. The program is subjected to subsequent amortization. The share repurchase program will strengthening the remuneration to their shareholders while also allowing them to benefit from a potential share price revaluation. The program is valid for one year.
On February 23, 2021, the company announced that program approved by the company on June 3, 2020, has temporarily been suspended.
Prosegur Cash SA, formerly Prosegur Cit Holding SA, is a Spain-based company engaged in the provision of security services. The Companyâs activities are divided into three business areas: Logistics, Cash management and Outsourcing. The Logistics division focuses on the provision of local and international transport services of cash and other valuable goods. The Cash management division offers counting, processing, custody, preparation and delivery of notes and coins, as well as replenishment of automatic teller machines (ATMs). The Outsourcing division includes a number of support financial services, such as automation of retail operations through self-service cash automatization machines (MAEs), ATMs management, as well as branch forecasting, reconciliation, settlement and credit card support services. The Company operates through own branches and joint ventures in Europe, Central and South America, Africa, Asia and Australia. It operates through Contesta Teleservicios SAU.
PROSEGUR CASH, S.A. 
