Agfa to launch share buyback program
The Agfa-Gevaert Group announced a share buyback program with a volume of up to 50 million Euro.
The program was decided by the Board of Directors on March 9, 2021. Under this program, the Agfa-Gevaert Group may acquire its common stock, for a maximum consideration of 50 million Euro. The Board also approved the cancellation of the 4,099,852 treasury shares currently held by the company.
The program will start on 1 April 2021, and has a planned duration of maximum 12 months.
The purpose of the program is to reduce the issued capital of the Group and to cancel all or part of the purchased shares.
“This share buyback program allows our shareholders to benefit from the sale of part of our HealthCare IT activities, which was concluded in May 2020. Furthermore, it shows our confidence in our ongoing transformation process. We are on the right track to execute the growth strategies we have drawn up for our divisions and to create future shareholder value,” said Pascal Juéry, President and CEO of the Agfa-Gevaert Group.