Installux SA commences an Equity Buyback Plan for 30,350 shares, representing 10% for €12.44 million, under the authorization approved on June 14, 2018.
March 19, 2019 at 06:27 pm EDT
Share
Installux SA (ENXTPA:STAL) commences share repurchases on March 7, 2019, under the program mandated by the shareholders in the Ordinary and Extraordinary General Meeting held on June 14, 2018. As per the mandate, the company is authorized to repurchase up to 30,550 shares, representing 10% of its issued share capital. The shares will repurchase at a price may not exceed the ceiling of €410 per share, for €12.44 million. The repurchased shares will be intended to be cancelled. The program will run for a period of 18 months from the Shareholders Meeting.
Installux specializes in the design and the distribution of aluminum sections and accessories. The group also designs, assembles and markets one-piece awnings, outfitting products, and removable partitions. The group's activity is organized around 4 families of products:
- aluminum sections and accessories: for making windows, doors, façades, balconies, gates, canopies, etc. The products are marketed via fabrication professionals (mainly metal workers, outfitters, mirror makers, and joiners);
- outfitting products and partitions: third-party and commercial outfitting products (trims, tracks, windows, display boards, furniture, etc.; Sofadi), removable aluminum partitions (Tiaso);
- one-piece awnings (Store Roche): awnings for patios, windows, balconies, and specialized awnings for verandas, boutiques and large terraces, etc.;
- other: in particular lacquering services.
France accounts for 90.3% of net sales.
Installux SA commences an Equity Buyback Plan for 30,350 shares, representing 10% for €12.44 million, under the authorization approved on June 14, 2018.
INSTALLUX 
