Central Puerto S.A. Announces Share Repurchase Program
Central Puerto S.A. has announced a share repurchase program of up to $30,000,000. The Board of Directors approved this measure to protect shareholder investment value, as current market prices are believed to not reflect the company's true worth. The repurchase will not exceed 10% of the company's share capital and will adhere to daily trading volume limits. The maximum price per American Depositary Receipt (ADR) is set at $16 on the NYSE, and for common shares on Bolsas y Mercados Argentinos, it is AR$2,600. Funds for this program will come from unrestricted reserves, ensuring the company maintains solvency. The repurchase period is 180 calendar days, commencing after the public announcement. During this period, directors, supervisory committee members, and managers are prohibited from selling their company shares.