Pharma Mar SA (ES:PHM) has released an update.
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Pharma Mar S.A. has reduced its share capital by 79,607.40 euros through the amortization of 132,679 treasury shares, enhancing earnings per share and shareholder remuneration. This strategic move follows a share buyback program and will result in the delisting of these shares from Spanish stock exchanges. The capital reduction is funded by free reserves and will not affect shareholder contributions.
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