Krka, d. d. commences an Equity Buyback Plan for 1,452,216 shares, representing 4.69% of its issued share capital, under the authorization approved on July 6, 2023.
July 20, 2023 at 02:15 am EDT
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Krka d.d. (LJSE:KRKG) commences share repurchases on July 20, 2023, under the program mandated by the shareholders in the Annual General Meeting held on July 6, 2023. As per the mandate, the company is authorized to repurchase up to 1,452,216 shares, representing 4.69% of its issued share capital, such that the company does not hold more than 10% of its issued share capital in treasury. The price to be paid for repurchase must not be lower than the share book value based on the latest published audited financial statements of the company and must not exceed 25 times earnings per share stated in the latest published audited consolidated income statement of the company.
The purpose of the program is capital decrease of an issuer. The authorization is valid for a period of 36 months. As of May 16, 2023, the company had 32,793,448 shares in issue and 1,827,128 shares in treasury.
Krka dd Novo Mesto is a Slovenia-based company engaged in the production of pharmaceutical preparations. The Company operates through four segments: Prescription Pharmaceuticals that includes medicines for the treatment of cardiovascular diseases, alimentary tract and metabolism and drugs for diseases of the central nervous system, among others; Non-prescription Products, providing vitamins and minerals, cough and cold products, analgesics, sore throat products, among others; Animal Health Products, which offers general anti-infectives and antiparasitics for animals; Health Resort and Tourist Services consisting of Spa resorts in Smarjeske Toplice, Dolenjske Toplice, Strunjan, Novo Mesto and Otocec. Krka dd Novo Mesto is a controlling company of the Krka Group that includes two subsidiaries in Slovenia, Terme Krka doo and Farma GRS doo, and over 20 subsidiaries abroad in such countries as Croatia, Germany, Sweden, Poland, Spain, United States, Ireland, among others.
Krka, d. d. commences an Equity Buyback Plan for 1,452,216 shares, representing 4.69% of its issued share capital, under the authorization approved on July 6, 2023.
KRKA, D. D. 
