14:32 21.04.2015

Astarta plans to extend share buyback program for another 18 months

1 min read

Astarta agro-holding plans to extend its share buyback program for another 18 months in the previous amount: 500,000 shares or 2% of their total number at a price of no more than PLN 125 per share.

The issue was put on the agenda of a general meeting of the shareholders of Astarta Holding N.V., the holding company of Astarta agricultural holding, the largest Ukrainian producer of sugar, to be held on June 18 in Amsterdam (the Netherlands).

As reported, Astarta shareholders at a meeting on March 20, 2013 approved the buyback program: 500,000 shares or 2% of their total number at a price of no more than PLN 125 per share. In June 2014, the shareholders decided to prolong the program for another 18 months.

Astarta is a vertically integrated agribusiness with eight sugar refineries in Poltava, Vinnytsia, Kharkiv and Khmelnytsky regions. Its core business is sugar, grain, oilseeds, meat and milk production.

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