Rubis: launches share buyback program

(CercleFinance.com) - Rubis has said that its management board has decided to launch a share buyback program with a view to reducing its share capital, effective from 6 January 2021, and for a maximum of 250 million euros.


An independent investment services provider has been appointed to acquire, depending on market conditions, a maximum of six million Rubis shares.

The maximum purchase price is 55 euros (excluding fees and commissions) per share. The purpose of this program is to reduce the company's capital by cancelling shares, with it set to end no later than 31 May 2022.


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