Infotel SA (FR:INF) has released an update.
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Infotel SA has announced a share buyback program, proposed for approval at the Mixed General Meeting on May 22, 2024, allowing the company to repurchase up to 10% of its capital shares at a maximum price of 120 Euros per share. With a maximum budget of approximately 83.2 million Euros, the program is aimed at market stimulation, external growth operations, share cancellation, and employee share allocation, and will run for 18 months post-approval.
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