Fourlis Holdings S.A. commences an Equity Buyback Plan for 2,604,600 shares, representing 5.06% of its issued share capital, under the authorization approved on June 18, 2021.
October 11, 2021 at 10:47 am EDT
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Fourlis Holdings S.A. (ATSE:FOYRK) commences share repurchases on October 11, 2021, under the program mandated by the shareholders in the Annual General Meeting held on June 18, 2021. As per the mandate, the company is authorized to repurchase up to 2,604,600 shares, representing 5.06% of its issued share capital. The shares will be repurchased at a price falling in the price range from €1 per share to €8 per share. The program is valid for 24 months. As of June 18, 2021, the company had 51,462,216 ordinary shares issued excluding treasury shares and 629,785 treasury shares.
Fourlis SA is a Greece-based investment holding company. Along with its subsidiaries, the Company is active in two operating segments: Retail Trading of Home Furniture and Household Goods, through the franchise of IKEA stores in Greece, Cyprus and Bulgaria; Retail Trading of Sporting Goods, through the franchise of INTERSPORT stores in Greece, Cyprus, Bulgaria, Turkey and Romania and THE ATHLETEâS FOOT stores in Greece and Turkey. The Companyâs direct subsidiaries include HOUSEMARKET SA, HM HOUSEMARKET CYPRUS LIMITED, HOUSE MARKET BULGARIA EAD, TRADE LOGISTICS SA, Intersport Athletics SA, Intersport Athletics Cyprus Limited, Genco Trade SRL (Romania), Genco Bulgaria EOOD and Intersport Atletik in Turkey.
Fourlis Holdings S.A. commences an Equity Buyback Plan for 2,604,600 shares, representing 5.06% of its issued share capital, under the authorization approved on June 18, 2021.
FOURLIS HOLDINGS S.A. 
