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Pepco Group NVUPDATE: Pepco retailer launches 2nd phase of EUR 50 mln share buyback program
Listed retailer Pepco Group launches second phase of EUR 50 million share buyback program, Pepco announced in a market filing.
Both stages are part of a broader program enabling the purchase of shares worth up to EUR 200 million, to be implemented in the financial years 2025–2027.
It was stated that the priority is to focus on optimizing free cash flow and prudent capital allocation over time, taking into account shareholder returns in order to increase the value of the group's shares.
"The management board remains convinced that the current share price does not significantly reflect the group's future prospects or its internal potential to generate profits," the filing said.
It was indicated that the purpose of the share buyback is to fulfil obligations under incentive programs and to reduce the share capital.
The maximum number of shares to be purchased, at the closing price on October 24, 2025, is 7,502,127 shares.
The maximum price, excluding expenses, which the company may pay for each share to be acquired, will be an amount equal to 110 percent of the market price of the ordinary shares.
The program is scheduled to start on October 28, 2025, and will end no later than January 16, 2026.
The programme will be executed by Santander Bank Polska – Santander Brokerage Poland (Santander Biuro Maklerskie) acting as an intermediary.
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