The listed company intends to acquire up to 20% of its registered share capital through a Tender Purchase Offer (TPO) program, at a minimum price of 25 RON and a maximum price of 40 RON per share, with the total value of the TPO capped at 884 million RON (approximately €175 million).
The TPO forms part of a broader share buyback program and may be executed through one or more consecutive offers, depending on market conditions, shareholder participation, and regulatory approvals. According to management, the decision to initiate the TPO program reflects the Company’s strong financial position and cash-generating capacity, which enable it to balance ongoing large-scale investments with active capital management.
Shares repurchased under the program will be cancelled, leading to a reduction in the Company’s share capital, thereby enhancing the efficiency of the shareholder base and supporting long-term value creation for shareholders.
The TPO program will be conducted in accordance with applicable regulations and is subject to approval by the Extraordinary General Meeting of Shareholders convened by the Company on October 15, 2025, as well as approval from the Romanian Financial Supervisory Authority (FSA).
