May 12 (SeeNews) - Bulgarian hotel operator Albena [BUL:ALB] said on Friday that it repurchased 5,000 of its own shares on May 11 as part of its share buyback programme.
Albena bought the shares at an average price of 28 levs ($15.6/14.3 euro) apiece, it said in a bourse filing.
The share buyback programme, approved by the company's shareholders in March, aims to repurchase up to 20,000 of Albena's own shares, or 0.47% of its equity capital.
Albena owns the eponymous resort on the northern Black Sea coast, as well as Byalata Laguna and Primorsko coastal holiday villages. It also has several subsidiaries active in transport, agriculture, construction, medicine and spa services.
As of 1355 CET on Friday, shares in Albena traded flat at 28.00 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)