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Transaction in Own Shares • Jun 24, 2022
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Transaction in Own Shares
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News Details
Ad-hoc | 24 June 2022 18:10
Allterco JSCo announces intention to repurchase own shares through over-the-counter transactions
Allterco JSCo / Key word(s): Share Buyback
Allterco JSCo announces intention to repurchase own shares through over-the-counter transactions
24-Jun-2022 / 18:10 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Publication of inside information according to Article 17 MAR
Allterco JSCo announces intention to repurchase own shares through over-the-counter transactions
Sofia / Munich, 24 June 2022 – Allterco JSCo ( ticker A4L / ISIN: BG1100003166 ) (“Allterco” / “the Company”), a provider of IoT and smart home products based in Sofia, Bulgaria, announces its intention to repurchase up to 40,000 own shares, representing 0.22% of the Company’s total share capital from two independent shareholders through over-the-counter transactions (“OTC transactions”). The parties have preliminary agreed on an indicative price of BGN 19.50 (EUR 9.97) per share. The OTC transactions are aimed to ensure shares for the payment of a portion of the purchase price in the eventual acquisition of the Slovenian IoT company GOAP d.o.o. Nova Gorica (“GOAP”). It is expected the OTC transactions to be executed within the period 27 – 30 June 2022.
Allterco has announced its intention to acquire 100% of GOAP on 8 June 2022. Alternatively, in case Allterco and the GOAP shareholders do not reach an agreement on the transaction, the repurchased shares might be used for the incentive program for employees or sold to private investors.
For further information, please visit allterco.com .
Investor Relations contact
CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 (0) 89-1250903-31
Mail: [email protected]
24-Jun-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Allterco JSCo |
| 103 Cherny Vrah Bldv | |
| 1407 Sofia | |
| Bulgaria | |
| E-mail: | [email protected] |
| Internet: | www.allterco.com |
| ISIN: | BG1100003166 |
| WKN: | A2DGX9 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin |
| EQS News ID: | 1383621 |
| End of Announcement | DGAP News Service |