Romanian information technology group Flamingo International got its shareholders' approval to buy back 0.98% of its nominal share capital, in the next year-and-a-half as part of plans to distribute its stock among its employees.
Flamingo will buy 7.7 million of its own shares shares at prices between their face value of 0.1 lei ($0.04/0.03euro) and 0.6 lei each.
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