Update: EFG-Holding Treasury Stock Repurchase: Executed Volume Reaches 22.3 Million Shares, 89.20% of Total
- kariemryad
- May 30, 2024
- 2 min read
Updated: Jul 7, 2024
On May 223, 2024, EFG-Holding (HRHO) announced that its Board of Directors has approved the repurchase of 25 million shares, representing 1.7% of the company's total shares, to be held as treasury stock. The objective behind this decision is to ensure a favorable return for shareholders and enhance the performance standards of the company's stock. The board's belief, as stated in the announcement and disclosure, is that the current stock price does not accurately reflect the true value of the company.
To monitor the repurchase progress, the Treasury Stocks Tracker will regularly update the total executed volume and percentage of the 25 million shares. The disclosure provided by EFG-Holding will serve as the basis for tracking and the table below presents the current total executions.
According to the latest disclosure from EFG-Holding, the executed volume as of the following dates is as follows:
Date | Executed Volume |
12/06/2024 | 413,000 |
11/06/2024 | 1,000,000 |
10/06/2024 | 1,000,000 |
09/06/2024 | 1,300,000 |
06/06/2024 | 1,000,000 |
05/06/2024 | 1,591,854 |
04/06/2024 | 1,000,000 |
03/06/2024 | 9,020,000 |
02/06/2024 | 4,500,000 |
29/05/2024 | 713,146 |
28/05/2024 | 625,000 |
27/05/2024 | 250,000 |
26/05/2024 | 1,300,000 |
Total | 23,713,000 |
Percentage of Purchase | 94.85% |
In total, 23,713,000 shares have been repurchased, which represents approximately 94.85% of the total treasury stocks approved for repurchase.
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