Eco wave power announces plans for share repurchase program

Stockholm , june 29, 2023 /prnewswire/ -- eco wave power global ab (publ) (nasdaq: wave) ("eco wave power" or the "company"), a leading, publicly traded onshore wave energy company, announces its intention to set up a share repurchase program to repurchase american depositary shares corresponding to up to 10 percent of the total number of shares in the company, which is the maximum amount permitted by the swedish law. "we believe that the program will allow our leadership to have a greater scope to act and the opportunity to improve the company's capital structure, driving greater shareholder value and improving the investment value of our company," said eco wave power's founder and ceo inna braverman.
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