Cloudberry Clean WKN: A2P85S ISIN: NO0010876642 Kürzel: CLOUD Forum: Aktien User: Olli1977
The Board of Directors has resolved to ask the general meeting for a board authorization for the option to acquire up to 7,000,000 own shares, at a purchase price of up to NOK 14.60 per share (representing book equity per share excluding minority interests). The authorization covers approximately 2.4% of the Company's share capital. The background for the proposal is that Cloudberry, subject to the prevailing market conditions, observes that the most discounted kWh’s in the Nordic market is the current market value of our own portfolio implicitly from the share price. With a cash balance of above NOK 1 bn (Q2 2023) the option to buy back own shares is in line with our flexible business model, will require less than 10% of the excising cash and is not expected to influence targeted growth opportunities. The Board will convene an extraordinary general meeting, expected to be held 28 September 2023, to deal with the proposal.
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