Poland based Retail FX and CFDs broker XTB SA (WSE:XTB) has said that its Management Board announces that, following the adoption of Resolution No. 9 of the Company’s Extraordinary General Meeting of the Company held on November 19, 2024 authorising the Management Board to acquire the Company’s own shares, it has today decided to determine the conditions and procedure for the repurchase of the Company’s own shares.
In order to fulfil the obligations under the Company’s incentive plan, the Company’s shares will be acquired. The buy-back will commence on April 14, 2025 and will end no later than September 30, 2025, unless the funds earmarked for the buy-back are exhausted earlier.
The Management Board of XTB S.A. has instructed the investment firm Trigon Dom Maklerski S.A. to carry out the buy-back of the Company’s shares under the terms of Article 4(2)(b) of Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council as regards regulatory technical standards on conditions applicable to buyback programmes and stabilisation measures and national legislation.
The Company’s own shares will be purchased on the official stock exchange market operated by the Warsaw Stock Exchange (Giełda Papierów Wartościowych w Warszawie S.A.) through broker orders, including block trades. Pursuant to the above resolution, the Company intends to acquire its own shares for an amount not exceeding PLN 9,934,366.40 and in a number not exceeding 95,248 (in words: ninety-five thousand two hundred forty-eight) shares. The purchase price for one of the Company’s shares may not be less than PLN 35.00 per share and may not be more than PLN 104.30 per share.
The Management Board of the Company said that it will publish the relevant information on the acquired shares of the Company.
