Back to news index
Brussels, 9th December 2008 - Mobistar today announces the closure of its share buy back programme and the cancellation of its own shares.
Mobistar completed its share buy back programme for a total value of 175 million euros, equivalent to 3,277,338 shares, on 27th November 2008. To re-cap, 1,291,752 shares were bought prior to the GM of 7th May 2008 and cancelled by this GM. These shares were acquired for a total of 73.7 million euros.
On 18th August 2008, Mobistar initiated the second phase of the programme and acquired a total of 1,985,586 of its own shares for a total value of 101.3 million euros.
On 9th December, the Board of Directors decided to cancel these 1,985,586 shares with immediate effect. This means that the number of capital shares has been reduced from 62,000,000 to 60,014,414.
On 9th December 2008, the Mobistar shareholders structure is as follows
Mobistar completed its share buy back programme for a total value of 175 million euros, equivalent to 3,277,338 shares, on 27th November 2008. To re-cap, 1,291,752 shares were bought prior to the GM of 7th May 2008 and cancelled by this GM. These shares were acquired for a total of 73.7 million euros.
On 18th August 2008, Mobistar initiated the second phase of the programme and acquired a total of 1,985,586 of its own shares for a total value of 101.3 million euros.
On 9th December, the Board of Directors decided to cancel these 1,985,586 shares with immediate effect. This means that the number of capital shares has been reduced from 62,000,000 to 60,014,414.
On 9th December 2008, the Mobistar shareholders structure is as follows