Demetra Holdings has executed a buyback of 6,565 own shares, demonstrating its commitment to shareholder value. This transaction took place on April 29, adhering to regulatory frameworks and a mandate set during the last annual general meeting.
The buyback was facilitated through the Cyprus Investment and Securities Corporation Ltd (CISCO), with each share purchased at a uniform price of €1.42. The strategic acquisition reflects the company’s proactive approach to managing its share capital and enhancing shareholder returns.
The total number of shares acquired was executed across five separate transactions within the same trading day. The initial transaction saw the purchase of 2,002 shares, immediately followed by a larger acquisition of 3,225 shares. The subsequent transactions included smaller batches of 250, 325, and 763 shares, cumulatively reaching the total of 6,565 shares.
This initiative aligns with Demetra Holdings’ objectives to optimise its capital structure while signalling confidence in the company’s future prospects. The buyback not only serves to reinforce the share price but also acts as a strategic tool for financial management.
