Cyber_Folks S.A. Announces Share Buyback Program Worth PLN 10 Million
Cyber_Folks S.A., a leading Polish technology group, has initiated a share buyback program following resolutions passed by its General Meeting and Management Board. The company plans to repurchase up to 50,000 shares, representing 0.33% of its share capital, at a price of PLN 200 per share. The total budget for the buyback, including transaction costs, is capped at PLN 10 million. The program is set to run until December 31, 2025, or until the allocated budget is exhausted.
The buyback will be conducted through public invitations to shareholders, with mBank S.A. acting as the intermediary. Shareholders can submit offers between November 10 and November 24, 2025, with the settlement date expected on November 27, 2025. The repurchased shares may be used for purposes such as cancellation, resale, financing acquisitions, or employee incentive programs. The company has emphasized that the process will ensure equal treatment of all shareholders.
Cyber_Folks S.A. currently holds 25,916 treasury shares and has allocated funds for the buyback from a reserve capital created specifically for this purpose. The initiative aligns with the company’s strategic goals and commitment to enhancing shareholder value.
For more details, shareholders can visit the company’s official investor relations page.
Relevance: This article is relevant to Cyber_Folks S.A. as it highlights a significant corporate action involving share buybacks, which directly impacts the company’s financial strategy and shareholder relations.