Americana completes repurchase of 25M shares under LTIP

Logo of Americana Restaurants International

Americana Restaurants International PLC bought back 25 million shares as part of its approved Long-Term Incentive Plan (LTIP).

 

In a statement to the Abu Dhabi Securities Exchange (ADX) today, Nov. 18, the company indicated that the weighted average purchase price is AED 2.46 per share.

 

Americana's shareholders, during an ordinary general assembly held last May, approved the repurchase of 25 million shares to be allocated for the employee incentive program, data available to Argaam showed.

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