Pepco Group has increased the price it is willing to pay for its own shares in an ongoing buyback program, raising the offer from 41.76 PLN to 47.52 PLN per share.
The move represents a significant premium over the initial offer and underscores management’s conviction in the company’s current valuation and near-term prospects.
The total budget for the share repurchase remains unchanged at EUR 400 million, equivalent to approximately 1.
The total budget for the share repurchase remains unchanged at EUR 400 million, equivalent to approximately 1.73 billion PLN.
By increasing the per-share price, Pepco is effectively reducing the maximum number of shares it can repurchase under the existing mandate, prioritizing a higher return to selling shareholders over volume.
This adjustment comes shortly after Pepco raised its full-year financial guidance, citing stronger-than-expected underlying trading performance in the third quarter.
The European discount retailer attributed the positive momentum to robust sales trends across its key markets, suggesting that the higher buyback price is supported by improved cash flow visibility.