Izertis, S.A. commences an Equity Buyback Plan, under the authorization approved on June 27, 2023.
July 30, 2023
Share
izertis, S.A. (BME:IZER) commences share repurchases on July 28, 2023, under the program mandated by the shareholders in the Annual General Meeting held on June 27, 2023. As per the mandate, the company is authorized to repurchase its own shares. The price to be paid for repurchases should be at the price resulting from their stock trading on the day of the acquisition but not higher than the maximum price which is an amount equal to their listed price increased by 10% or not lower than the minimum price which is the par value of the share.
The repurchased shares will be used to meet the obligations derived from the liquidity contract that the company has entered into with its liquidity provider; and/or for the execution of corporate operations of any kind; and/or where appropriate, will be disposed within the limits provided in the applicable regulations and/or will be used to fulfill the obligations derived from incentive plans consisting of the delivery of company shares to managers and employees of the company or companies of its group. The authority shall be valid for a period of 5 years, from the date of passing of this resolution. As of June 27, 2023, the company had 555,707 treasury shares.
Izertis SA is a Spain-based technology digital transformation company. It operates thorough seven segments: Digital Transformation (DXI), Digital Experience (DEX), Smart Software Labs, Business Solutions, Business Operations, Cybersecurity, Technological Infrastructure and Managed Services and Business Consulting, Project & Service Management. DXI specializes in blockchain, artificial intelligence, data science, Internet of things (IoT), computer vision or mixed reality. DEX specializes in creativity, user experience design, marketing and online sales. Smart Software Labs offers customizable software. Business Solutions offers technical consulting services. Business Operations provides outsourcing services. Cybersecurity, Technological Infrastructure and Managed Services covers related consulting and support services. Business Consulting, Project & Service Management offers related consulting services.