VEF Ltd. (via Public) / VEF updated share buyback mandate
VEF updated share buyback mandate The Board of Directors of VEF announces its decision to approve a new and broader share buyback mandate. This mandate replaces previously communicated mandates from June 20, 2019 and May 22, 2018. The new mandate allows VEF to buy up to 22m SDRs for a maximum of USD 10m in total. The purpose of the additional mandate is to allow management the flexibility to create additional shareholder value and optimize the Company's capital structure as and when deemed appropriate as well as buy back shares to be delivered to the participants under the Company's long-term...