reports
- Expert Corporate Governance Service (ECGS)
Buzzi Unicem – AGM 8 May 2020
In item 3, the Board of Directors asks for the authorization to purchase up to 7 million treasury shares (3.4% of the share capital), at a maximum price of €20.0 per share. While ECGS acknowledges that the Company is currently well capitalized, it considers that the potential impact of the Covid-19 induced crisis is not yet known. Therefore, we consider that it is not appropriate to seek approval for a new buyback programme. Therefore, we recommend shareholders to oppose. In item 11, s...
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