Purchase of own shares under the buy-back and suspension of the program
Huuuge, Inc. ("Issuer"), announces that as part of the realization ofthe share buyback program (CR 4/2022 and CR 9/2022 and CR 23/2022) theIssuer has purchased its own shares (ISIN code: US44853H1086), asfollows:
- on August 1, 2022 - 47,445 shares of the total value of PLN 873,049.81for the average unit price of PLN 18.40, constituting in total 0.06%share in the share capital and representing 0.06% in of the total numberof shares entitled to vote at the stockholder's meeting, and
- on August 2, 2022 - 10,000 shares of the total value of PLN 186,797.10for the average unit price of PLN 18.68, constituting in total 0.01%share in the share capital and representing 0.01% in the total number ofshares entitled to vote at the stockholder's meeting,
The transactions were executed through Ipopema Securities S.A.
Including all transactions above, the Issuer holds 5,728,226 own shares,constituting 6.80% share in the share capital and representing 6.80% inthe total number of shares entitled to vote at the stockholder's meeting(including treasury shares acquired earlier).
Concurrently to the commencement of the review of strategic options forthe future of the Company, announced by the Issuer in CR 40/2022, theIssuer has indefinitely suspended the purchase of its own shares,effective August 2, 2022, and has instructed Ipopema Securities S.A.accordingly.
Legal basis: Article 2 Section 2 and 3 of Commission DelegatedRegulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU)No 596/2014 of the European Parliament and of the Council with regard toregulatory technical standards for the conditions applicable to buy-backprogrammes and stabilisation measures in accordance with Article 5Section 3 of the MAR.