EVERGENT INVESTMENTS S.A. - SIF2

Initiation of a share buy-back program

Published: 9/17/2019 6:05:12 PM

IRIS Code: 0442C


Body

Report date: September 17, 2019

Information according to: Law 24/2017, FSA Regulation 5/2018

Issuer name: Societatea de Investitii Financiare MOLDOVA S.A.

Headquarters: 94C Pictor Aman street, Bacau

Phone/fax/e-mail: 0234576740 / 0234570062 / sifm@sifm.ro

Sole registration number at the Trade Register Office: 2816642

Trade Register Number: J04/2400/92

LEI: 254900Y1O0025N04US14

Share capital: 101,317,917.6 RON

Number of issued shares: 1,013,179,176

Face Value: 0.1 RON/share

Ownership structure: 100% private

Free float: 100%

ASF Register No.: PJR071AFIAA/040002

Regulated market on which the issued securities are traded: Bucharest Stock Exchange, Premium category

International identifiers:

Bucharest Stock Exchange: SIF2

ISIN: ROSIFBACNOR0

Bloomberg: BBGID BG000BMN5F5

Reuters:  SIF2.BX

 

To:       BUCHAREST STOCK EXCHANGE

 

FINANCIAL SUPERVISORY AUTHORITY

Financial Instruments and Investments Sector

 

Important event:

Starting the first stage of the buyback program of own shares, in accordance with SIF Moldova EGMS Resolution no. 3 of April 18, 2019, published in the Official Gazette of Romania part IV, under no. 2124 of May 21, 2019.

 

SIF Moldova informs its shareholders on the start of the first phase of the buyback program, in compliance with EGMS Resolution no. 3 of April 18, 2019, with the following coordinates:

·         Period: September 18, 2019 – December 31, 2019;

·         Number of shares: maximum 2,000,000 shares

·      Volumul zilnic: maximum 25% of the average daily volume of shares traded on the BSE, calculated on the basis of the average daily volume of the 20 trading days preceding the date on which the acquisition takes place, according to art. 3 paragraph (3) letter b) of the EU Delegated Regulation 2016/1052;

·         Price: the minimum purchase price will be the BSE market price from the moment of the acquisition, the maximum price -2.2 lei / share, according to the EGMS decision no. 3 of April 18, 2019

·         Purpose of the program: distribution of shares to employees, managers and directors of the company, within some programs of “stock option plan” type.

·         Intermediary: BT CAPITAL PARTNERS.

 

The execution of the buyback program respects the derogatory conditions provided in the legislation regarding the market abuse that allow to carry out transactions during the closed periods of the issuer, according to article 5 paragraph (1) of the EU Regulation no. 596/2014 and article 4 paragraph (2) letter a) of the EU Delegated Regulation no. 1052/2016.

 

Claudiu Doros

CEO

 

Michaela Puscas

Compliance Officer