Announcement regarding Monbat’s own shares
Financial
We would like to announce hereby that on 21.09.2022 was held a meeting of the Board of Directors of MONBAT AD. On the grounds of art. 17 paragraphs 2 and 3 of the company’s Articles of Association with reference to art. 187b of the Commercial Act and on the grounds of art 111, paragraph 5 of the Public Offering of Securities Act the Board of Directors adopted a decision for a new buy back procedure of company’s own shares to be performed within the limits, set up under the provision of art. 17 of the company’s Articles of Association, as follows:
Number of shares liable to buy back under the current procedure – up to 3 % of the company’s registered capital or up to 1 170 000 shares.
- Minimum price for the buy back – BGN 4.51
- Maximum price for the buy back – BGN 8.75
- Initial term for the buy back – 26.09.2022.
The announcements to FSC, BSE and the investors shall be made after the end of the stock exchange session, not later than the end of the business day, preceding the day of the buy back.
Term for implementation of the buy back– up to 180 calendar days as of 26.09.2022. In the event of completion of the shares, namely – the company buys back up to 1 170 000 shares, prior to the final term, the current buy back procedure shall be terminated as successfully implemented. In the event that, within the term under the first sentence the maximum number of shares has not been bought back, the Board of Directors, in its own judgment, may both extend the term with another 180 calendar days under respective application of the provision of the preceding sentence, or terminate the procedure notwithstanding the number of the bought back shares. Within the term of the current procedure, depending on the market conditions, the Board of Directors, in its own judgment, may change the minimum and maximum price for the buy back. In this case, the company shall inform the Financial Supervision Commission, Bulgarian Stock Exchange, the investors and the public, as the announcement shall be made after the end of the stock exchange session, not later that the end of the business day, preceding the day when the change in the minimum or maximum price of the buyback takes effect.
Investment intermediary selected by the Board of Directors, which is given the order for the buy back – First Financial Brokerage House EOOD.