Pursuant to its share buyback programme approved by the Annual General Assemblies and implemented by the Board of Directors, on April 30, 2017, Prismaflex International had 62,298 shares held in treasury.
On May 11, 2017, after consultation with market authorities, the Company ordered its investment services provider (ODDO & Cie) to proceed with the sale of 59,000 shares held in treasury at prices above purchase price.
(details of the corresponding transactions are available on the Company website https://www.prismaflex.com/le-groupe/finance/transaction-sur-actions-propres/).
The transfer was performed by ODDO & Cie between May 11 and June 21, 2017. Average sale price was €19.985 / share representing a total gross value excluding fees of €1,179,105, the equivalent of slightly over 4.9% of the company's share capital.
The objective of the transfer is to enable Prismaflex International to contribute to the strengthening of the equity capital of the Prismaflex HKG Ltd joint venture and its subsidiary PrismaChina Opto ShenZhen Technology Ltd.
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