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stocksJun 2, 2026, 6:47 PM

Astra Management Proposes Share Buyback of Up to 2% of Capital

The management of Russian IT company Astra Group will recommend that its board consider a share buyback of up to 2% of the company's authorized capital.

ASTR

The management of Astra Group (ticker: ASTR) plans to recommend to the Board of Directors the launch of a share buyback program. The proposal covers up to 2% of the company's authorized capital.

According to a company release, the buyback is intended to fund a new phase of the management motivation program. The final decision rests with the board.

The move typically signals management confidence and can support the stock price. Further details on the timeline and price range have not been disclosed.

Source: MarketTwits