iPoint (iPoint.cz)
Czech markets  |  November 29, 2012 10:08:31

Telefónica: End of redemptions, the beginning of the fall of the stock?



iPoint.czDomestic telecommunications company Telefónica O2 has announced that on Tuesday completed in May, the Board approved purchase of 2% of its own shares. She said that since the start of the physical purchase (05.21) won a total of 6,441,798 shares for a total purchase price of CZK 2.481 billion. The average price so should reach about 385 CZK. The report also states that the continuation of the acquisition of its shares by the Board of Directors has decided. Can recall that the General Meeting of the Company approved the repurchase of up to 10% of its own shares. The company has also referred to the general meeting advised that the intention of the company repurchased own shares then "cancel", respectively. So for them to reduce capital. About this step, however, will have to decide just turn to the General Assembly, "said George Ramakrishnan today from Capital Partners.Investors, however, be considered in unison a single question: What impact can share in connection with the termination of redemptions expected? Quickly we joined the data outlets analysts and here's the result: Scenario further development of Telefónica.

Telefónica: How to shares issued after that date? Read on iPoint

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