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Bucharest-listed Digi Communications grows own shareholding

Author Mario Tanev
Bucharest-listed Digi Communications grows own shareholding Digi Communications

BUCHAREST (Romania), November 4 (SeeNews) - Bucharest-listed Digi Communications [BSE:DIGI], the majority owner of Romanian company RCS&RDS, said on Monday that it has repurchased 57,127 own shares in the October 28 - November 1 period for a total of some 1.9 million lei ($584,000/525,000 euro).

Digi Communications repurchased the shares at a weighted average price per share of 33.41 lei, the company said in a bourse filing.

As at 14:25 CET on Monday, Digi Communications shares traded 0.89% lower at 33.5 lei on the Bucharest Stock Exchange.

The company's capital comprises 100,000,000 shares, of which 64,556,028 class A shares with a nominal value of 0.10 euro each, and 35,443,972 class B shares, with a nominal value of 0.01 euro apiece.

All of Digi Communications' class B shares are listed for trading in Bucharest. Digi Communications is part of the Bucharest Stock Exchange's blue-chip BET index.

RCS&RDS, founded by Romanian businessman Zoltan Teszari, comprises two companies - Romanian Cable Systems (RCS) founded in 1994, and Romanian Data Systems (RDS) founded in 1998. Its parent company, Cable Communication Systems, now Digi Communications N.V., indirectly operates telecommunications groups in Hungary, Spain and Italy through RCS&RDS.

(1 euro = 4.7576 euro)