January 20 (SeeNews) - Bulgarian poultry producer Gradus [BUL:GR6] said on Friday that it repurchased 20,197 of its own shares at an average price of 1.50 levs ($0.83/0.77 euro) on January 19 as part of its ongoing share buyback programme.
The own shares held by Gradus as of January 19 totalled 146 873, representing 0.060% of voting rights, the company said in a bourse filing.
Gradus said earlier this month that its board of directors approved the start of a share buyback programme targeting up to 3% of the equity capital. Under the programme, the company aims to repurchase up to 7,308,261 own shares.
As at 0927 CET on Friday, shares in Gradus traded flat at 1.51 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)