Shareholders authorise Sirma Group’s 19m shares buyback (POSITIVE)

At the extraordinary shareholders meeting, held on August 26th, Sirma Group Holding decided to buyback up to 19m shares (32% of the issue) at a price range between BGN 0.10 – 2.00. The buyback amount is limited to BGN 20m and is scheduled to continue until December 31st 2022. According to the CEO it will be financed internally and with outside funding. Furthermore, shareholders approved a mandate extension of the BoD and the audit committee of 2 and 3 years respectively.