Action (WSE:ACT) - Warsaw Stock Exchange – Buyback To Be Voted| FXMAG.COM

Daily 28.IX.2022

Event: Buyback to be voted at the Extraordinary General Meeting of Shareholders.

Action’s Extraordinary General Meeting of Shareholders was convened on October 26, 2022 and it will vote on a resolution related to the management authorization to carry out the buyback. The Company intends to release a PLN 30 million reserve capital earmarked for a buyback in the resolution passed in 2016 and to dedicate these funds for supplementary capital. At the same time, reserve capital will be created to finance the buyback.

Expected impact: Neutral

This report is prepared for the Warsaw Stock Exchange SA within the framework of the Analytical Coverage Support Program 3.0.

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Analyst

Jakub K. Viscardi

GPW’s Analytical Coverage Support Programme 3.0

The Warsaw Stock Exchange's (GPW's) Analytical Coverage Support Programme 3.0 supports investment firms in drafting analytical reports which are financed by GPW. The objective of the Programme is to improve the availability of research covering less liquid companies, facilitating investors' informed investment decisions based on a reliable independent source of issuer information. Eligible to participate in the Programme are companies listed on the GPW Main Market (other than WIG20 participants) and on NewConnect. The Programme covers up to 50 issuers.

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Poland gpw wse warsaw stock exchange polish stocks polish stock exchange