Back to list Renta Corporación increases the maximum share price for its buyback programme
Renta Corporación increases the maximum share price for its buyback programme
Barcelona, 26 october 2006
Renta Corporación today announced to the Spanish Securities Commission (CNMV) the decision of the Board of Directors to extend the validity period and conditions for the programme to buy back shares to be used for the incentive plan for Company employees and managers. The Board of Directors has agreed:
1. To increase the maximum price, currently set at 30 euros per share, to a new maximum of 36 euros per share.
2. To extend the validity period of the Treasury Shares plan, originally due to end on 31 December 2006, to 30 April 2007.
As you will remember, on 15 June this year Renta Corporación announced to the CNMV a share buyback programme designed to meet the needs arising from the specific employee and management incentive plan. The programme foresees the purchase of up to 375,440 shares, which is 1.5% of the share capital. To date, the company has acquired a total of 60,589 shares, or 0.2% of its share capital.