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Bucharest-listed Digi Communications increases own shareholding

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

BUCHAREST (Romania), November 18 (SeeNews) - Bucharest-listed Digi Communications [BSE:DIGI], the majority owner of Romanian company RCS&RDS, said on Monday that it has repurchased 66,702 own shares in the November 11-15 period for a total of some 2.2 million lei ($510,000/461,000 euro).

Digi Communications repurchased the shares at a weighted average price per share of 33.17 lei, data from the company's bourse filing shows.

As at 15:05 CET on Monday, Digi Communications shares traded at 33.1 lei, unchanged from their previous closing price 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 = 4.78 lei)