EnglishImpact Developer & Contractor will start to buy back up to 80 million of its own shares (4%) as of 28 July for a total duration of up to 18 months from the date when the announcement is published in the Official Journal. The buying price will range between 0.1 RON and 0.5 RON. The needed funds will come from the company"s reserves. Part of the shares bought back will be used in employee loyalty schemes. Impact Developer & Contractor is a fully private shares company dealing in integrated land development. The company was established in 1991 and listed on the Bucharest Stock Exchange (BSE) as IMP in 1996. In 2006, the IMP shares were moved to Tier I, this being the first land development and construction company to be listed on Tier I.
Impact Developer & Contractor To Buy Back 4% Of Own Shares For Employee Loyalty Program
F.A.
Ziarul BURSA #English Section / 28 iulie 2008
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