Solaria President Board Members Buy Company Shares In View Of Bright 2011 Forecast | Solaria

The president of Solaria Energia y Medio Ambiente, Enrique Díaz-Tejeiroand board members Arturo Díaz Tejeiro and Manuel Azpilicuetahave purchased, on a private basis, 0,25 % of the company’s capital stock or 235,000 shares valued at a total of 360,000 euros.

The purchase, which is part of the company’s buy-back scheme, was made this month and was made known to the CNMV following the company’s rules and regulations.   

According to Arturo Díaz-Tejeiro, the purchase was the “logical result of the bright future” forecast for Solaria in 2011 following the “good results in 2010 and the present increase of sales due to the company’s international expansion strategy.”

“This  transaction is also a reflection of the Board’s commitment to Solaria and its determination to deliver value to its investors,” he said.

To date, Solaria’s Board has already reacquired 520,000 shares or 0.52% of the company’s capital stock under the buy-back scheme approved during the following the General Shareholder’s Meeting held last June.