Richter Board Decides on Share Buyback Program
Image by gedeonrichter.com
The board of Gedeon Richter has decided on a 12-month share buyback program up to HUF 40 billion, the pharmaceutical company said on Tuesday.
The board "considered shareholders' expectations" when taking the decision which was in line with improving Richter's financial results and cash generation.
The buyback program must still be approved by shareholders at an annual general meeting scheduled for April 25.
The board is also proposing payment of a HUF 390-per-share dividend on last year's earnings at the AGM.
The Makings of the Future Smart Electricity Network
Aldi Opening Biggest Store in Budapest
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
