“Pragmatizer” intends to purchase 1.3 million shares within the treasury stock program
The sandwich house fast food restaurant company announced "Burgerizzr"Today, Wednesday, it intends to purchase 1.3 million shares to keep them as treasury shares, as the Board of Directors wants to allocate part of these shares to swap operations in exchange for acquiring company shares or stakes or purchasing an asset, and the other part is from shares to the company’s employees within the employee stock program.
The company explained in a statement on "Saudi Arabia trading"It intends to allocate a portion of these shares in the amount of (1,000,000) shares to swap operations in exchange for the acquisition of company shares or stakes or the purchase of an asset, and the other portion of the shares in the amount of (300,000) shares to the company’s employees within the employee stock program, which contributes to achieving the company’s objectives.
The company added that the purchase process will be financed through bank facilities or self-resources, or both.
It is noteworthy that the number of shares proposed to be purchased represents 2.32%. Of the total number of shares in the company’s capital.
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