Allegro launches PLN 800M second-phase buyback, up to 42.1M shares

Allegro, Poland's largest e-commerce platform, announced the second phase of its share buyback program, targeting up to 42.1 million shares at a maximum price of PLN 50 each, totaling PLN 800 million. The move signals management's view that shares are undervalued and aims to return capital to shareholders. Market impact is limited to Allegro's stock, with no broader macro implications.