KSG Agro will purchase 3.3% of publicly traded shares of the company
2013-01-02 16:42:19
According to the official information released by the company, shareholders agreed for the company to purchase 500 thousand of its publicly traded shares, which is 3% of total publicly traded volume. Shares will be purchased over the course of 18 months for PLN 25 per share. Company’s announcement led to an immediate growth of company’s share price.
AgroInvest comment: The decision is a way to show company’s shareholders that the company is confident enough in its future to invest in its financial instruments, taking additional risks.