on Savencia Cheese USA (NASDAQ:BNGRF)
Savencia SA approves a new share buyback program
On April 24, 2025, Savencia SA obtained approval from its combined general meeting for a share buyback program. This program allows for the acquisition of up to 10% of the company's capital, equivalent to 318,414 shares, taking into account the shares already held. The maximum purchase price is set at €140 per share.
These shares will serve various purposes, such as granting executives and employees through stock option or bonus share plans, hedging securities, canceling existing shares, and providing market stimulation through a service provider. In addition, they could be used in external growth transactions.
The program is planned to last 18 months, until October 24, 2026, replacing the previous version approved in 2024.
R. P.
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