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Mercator Medical SAMercator Medical's shareholder files lawsuit to declare invalid or revoke EGM's resolution on buyback
Listed medical gloves producer Mercator Medical's shareholder has filed a lawsuit to declare invalid, or alternatively to revoke, the EGM resolution of October 14 to authorise the company's management board to purchase its own shares for cancellation, Mercator Medical said in a market filing.
The company said that the lawsuit was filed by a shareholder who voted against the resolution at the extraordinary general meeting on October 14.
On this day, company's EGM resolved to buy back its own dividend shares at PLN 100 (EUR 23.17) apiece. The additional 352,600 shares previously bought back by a subsidiary are to be cancelled.
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