Polaris Media ASA (DE:93J) has released an update.
Polaris Media ASA is initiating a buyback plan to acquire up to 200,000 shares, targeting use in its employee share program, with the repurchase process involving a reverse book-building. Shareholders interested in selling their shares at a determined price, which will be the same for all, should respond within the specified acceptance period, with potential pro-rata scaling should offers exceed available shares. The transaction is expected to finalize with allocations around September 4, 2024, and settlements by September 6, 2024.
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