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BRIEF-Altice re-starts 1 bln euros share buyback programme
October 16, 2017 / 6:16 AM / a month ago

BRIEF-Altice re-starts 1 bln euros share buyback programme

Oct 16 (Reuters) - Altice Nv:

* Existing share repurchase programme announced on August 28, 2017 is suspended

* New programme to repurchase shares also in closed periods will commence today and will continue until November 2, 2017

* As part of its buyback programme, Altice intends to purchase Altice common shares A and Altice common shares B on Euronext Amsterdam for an aggregate market value equivalent to up to €1 billion (taking into account the shares already purchased under the existing share repurchase programme)

* Altice will use the common shares A and common shares B repurchased in connection with this programme respectively to meet obligations arising from share option plans and to reduce its share capital.

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