SAG GEST - Soluções Automóvel Globais, SGPS, SA's Equity Buyback has expired
May 06, 2013 at 09:30 am IST
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The shareholders of SAG GEST - Soluções Automóvel Globais, SGPS, SA (ENXTLS:SVA) authorized a share repurchase program at its Annual General Meeting on April 30, 2012. Under the plan, the company will repurchase treasury stock, on the market, within the legal limitations provided for in para. 2 of Art. 317º. of the Company Act. The purchase price shall remain within a ten per cent variation above or below the average stock price of the stock traded at Euronext Lisbon during the week immediately preceding the envisaged acquisition of stock. The Board of Directors will decide on the timeliness of the investment. The authorization is valid till eighteen months from the date of the shareholders meeting. Till March 31, 2013, no repurchases were made.
SAG GEST - Soluções Automóvel Globais, SGPS, SA's share repurchase program expired on May 6, 2013.
SAG Gest Solucoes Automovel Globais SGPS SA is a Portugal-based holding company engaged in the automotive sector. The Company is primarily involved in the import, distribution, retail and rental of new passenger and commercial cars, as well as spare parts and accessories. It is also active in the retail and wholesale of used cars. Additionally, the Company is engaged in the provision of after-sales services, car financing services and insurance brokerage. It operates in Portugal and Brazil. The Company's portfolio includes various brand names, including Volkswagen, Audi, Skoda, Bentley and Lamborghini. The Company has a number of subsidiaries, such as SIVA SA, Soauto Comercio de Automoveis SA and Rolporto SA.
SAG GEST - SOLUÇÕES AUTOMOVEL GLOBAIS 
