This report is prepared for the Warsaw Stock Exchange SA within the framework of the Analytical Coverage Support Program. 3.0.
Event: Tender offer within buyback program framework announced.
Action has invited investors to a tender offer within the buyback program which assumes a purchase of not more than 300,000 own shares with a purchase price proposed at PLN 15.30 per share. Subscriptions will be accepted from January 23 till February 1. On February 3, Action will announce the amount of shares to be purchased in the tender offer.
Expected impact: Neutral; a proposed purchase price in the tender offer is by 3.4% higher than the Company’s market close price yesterday. This is still another tender offer announced by the Company, the previous one had a 43.2% rate of reduction.
Analyst: Jakub K. Viscardi
GPW’s Analytical Coverage Support Programme 3.0
