Purcari Wineries Public Company Limited commences an Equity Buyback Plan for 369,156 shares, under the authorization approved on April 28, 2021.
August 16, 2021 at 11:03 am EDT
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Purcari Wineries Public Company Limited (BVB:WINE) commences share repurchases on August 10, 2021, under the program mandated by the shareholders in the Annual General Meeting held on April 28, 2021. As per the mandate, the company is authorized to repurchase up to 369,156 shares. The shares will be repurchased at a price not exceeding by more than 5% the average market price of the shares during the last five stock exchange sessions, prior to carrying out the relevant acquisition. The purpose of the share repurchases is to meet obligations arising from the management incentive program. The authority is valid for 12 months from the shareholders approval until April 27, 2022.
Purcari Wineries Public Company Limited is one of the leading producers of premium wines in Central and Eastern Europe. Net sales break down by activity as follows:
- wine sales (94.7%): Purcari, Crama Ceptura, Bostavan and Bardar brands. Net sales by country are divided between Romania (51.8%), Moldova (19.4%), Poland (8.7%), Czech Republic and Slovakia (3.8%), Ukraine (3.8%), Baltic States (3.4%), Asia (2.7%), Belarus (1.6%) and other (4.8%);
- hotel and catering services (0.9%);
- other (4.4%).
At the end of 2021, the group operates over 1,300 hectares of vineyards and 4 production sites in Moldova (3) and Romania.
PURCARI WINERIES 
