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Slovenia's Unior in court settlement on share buyback with Rhydcon

Author Radomir Ralev
Slovenia's Unior in court settlement on share buyback with Rhydcon Photo: Slovenia's Unior

LJUBLJANA (Slovenia), September 27 (SeeNews) - Slovenian blue-chip hand tools manufacturer Unior [LJE:UKIG] said on Monday it concluded a court settlement on a deal for the buyback of own shares from local company Rhydcon.

Unior agreed to pay the last 700,000 euro ($822,440) instalment for the repurchase of own shares from Rhydcon completed in December 2019, the hand tools manufacturer said in a filing with the Ljubljana Stock Exchange (LJSE).

Through the settlement, Unior will fulfil all its obligations to Rhydcon and will also keep the total amount of treasury shares unchanged at 69,784 stocks, or 2.4586% of its share capital.

Unior shares last traded on the LJSE on September 13, when they closed at 12.0 euro.

($ = 0.85112 euro)

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