The Board of Directors (BOD) of Reenco Joint Stock Company (REE) has approved a resolution regarding the buyback of shares issued under the ESOP program for 2023. Specifically, REE will repurchase the number of shares issued according to the ESOP program to enhance its capital structure and increase shareholder value. The ESOP program was implemented to encourage employee engagement, but the BOD deems this buyback necessary to improve financial conditions. The repurchase will be conducted in accordance with current legal regulations and shall be communicated to shareholders soon.
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