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Bulgarian drug maker Sopharma buys back 18,746 shares

Sep 10, 2012, 5:24:48 PMArticle by Velizar Uzunov
share
SOFIA (Bulgaria), September 10 (SeeNews) – Bulgarian drug maker Sopharma [BUL:3JR] said on Monday it repurchased 18,746 shares at an average price of 2.44 levs ($1.6/1.24 euro) apiece between August 29 and September 5.

Bulgarian drug maker Sopharma buys back 18,746 shares

The volume of the repurchased equity is equivalent to a stake of 0.0142% with the buyback costs adding up to 45,700 levs, Sopharma said in a statement to the Bulgarian Stock Exchange (BSE).

The company has so far repurchased a total of 3.2 million shares, equivalent to a 2.43% stake. It plans to offer the shares to the shareholders of companies it will take over in the future.

Sopharma was trading 1.58% higher at 2.44 levs in a volume of 622 shares by 1400 GMT on the BSE on Monday.

(1 euro=1.95583 Bulgarian levs)

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