Thrace Plastics S A : Announcement of the Expiration-Completion of the Stock Repurchase Plan
January 04, 2017 at 05:07 pm EST
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December 29, 2016
Announcement of the Expiration-Completion of the Stock Repurchase Plan
The Societe Anonyme under the name 'THRACE PLASTICS INDUSTRIAL & COMMERCIAL SOCIETE ANONYME COMPANY' informs the investment community about the completion / expiration of its stock repurchase plan
The Societe Anonyme under the name 'THRACE PLASTICS INDUSTRIAL & COMMERCIAL SOCIETE ANONYME COMPANY' informs the investment community about the completion / expiration of its stock repurchase plan which had been approved according to the provisions of article 16 of P.L. 2190/1920, as it is in effect, and of the Regulation no. 2273/2003 of the Commission of the European Community, from the Extraordinary General Meeting of 29 December 2014. During the above meeting, it was decided, among other issues, the repurchase by the Company via the Athens Exchange and within a period of twenty four (24) months from the date of the above decision, of a maximum number of 4,288,908 common registered shares, which corresponds to 10% of the Company's total number of shares (after the deduction of the treasury shares held by the Company as of the above date), with the lowest repurchase price set at sixty six cents of one Euro (0,66€) per share and the highest repurchase price set at two Euros and fifty cents (2,50 €) per share.
During the above program and in execution-implementation of the above decision taken by the Extraordinary General Meeting of shareholders, the Company proceeded with the repurchase of 1,132,614 own common registered shares, at an average price of 1.4369 Euros per share, corresponding to a percentage of 2.512 % of the Company's share capital.
It is noted that during the period 2012-2014 the Company also acquired 220,554 own common registered shares with an average acquisition price of 0.6019 per share
Therefore, the Company holds a total of 1,353,168 own common registered shares, at an average price of 1.3008 Euros per share, corresponding to a percentage of 3.001% of the Company's share capital.
Thrace Plastics Co. SA published this content on 29 December 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 January 2017 22:07:02 UTC.
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Thrace Plastics Holding and Commercial Societe Anonyme, formerly Thrace Plastics Co SA, is a Greece-based company engaged in the production and trade of plastic products, textiles and packaging materials. The Company's range of products are divided into three categories: Technical Fabrics & Fibers, which includes such products as woven and non-woven geotextiles, ground covers, crop covers, nets, roofing membranes, staple fibers, concrete reinforcement fibers, geogrids, Mega bag components and carpet and industrial yarns; Consumer Packaging, which offers plastic containers and lids, cups, tubs, bottles, bags for liquid packaging, as well as plastic packaging for food products, and Industrial Packaging, which includes ropes and twines, big bags, films, woven polypropylene bags, bags for heavy duty, pallet covers, and stretch hoods. The Company operates through its local and international subsidiaries.
THRACE PLASTICS HOLDING COMPANY S.A. 
