Dividends & Buybacks ·
Central Puerto S.A.'s Board of Directors approved a share repurchase program with a maximum investment limit of…
CEPUCentral Puerto S.A.
Central Puerto S.A.'s Board of Directors approved a share repurchase program with a maximum investment limit of US$30,000,000. The company may acquire up to 10% of its outstanding share capital within an 180-day period following publication. Transactions are capped at 25% of the average daily trading volume over the preceding 90 days. The maximum purchase price is set at US$16 per American Depositary Receipt on the NYSE and AR$2,600 per common share on Bolsas y Mercados Argentinos. Funding will come from unrestricted optional reserves, with management confirming sufficient liquidity to maintain solvency. Insiders are prohibited from selling shares during the program's term. Central Puerto S.A. operates in the electric utility industry, generating and distributing electricity primarily in Argentina.