Acron will conduct a stock buyback
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The Board of Directors of the Acron Group decided to buy back the company’s own shares of 4.053 million units or 10% of the authorized capital.
The price for one share is set at 6 050 rubles (approximately $83). Thus, the maximum volume of the buyback will be 24.5 billion rubles (about $337.5 million).
The applications of Acron Group’s shareholders will be accepted from July 8 to August 6 this year. Payment for the purchased securities will be made no later than August 21, 2021.
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It is alarming to see these developments in California. As a vineyard grower, I have faced significant challenges this year, with fertilizer costs rising sharply while market conditions have made it difficult to sell the harvest.
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