September 15 (SeeNews) - Bulgarian poultry producer Gradus [BUL:GR6] said on Friday that it has repurchased 75,000 of its own shares at 1.44 levs ($0.78/0.73 euro) per share on average, on July 5 as part of its ongoing share buyback programme.
As a result of the repurchase, which took place on September 14, the overall treasury stock held by Gradus reached 3,332,820 units, representing 1.37% of voting rights, the company said in a stock exchange filing.
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The company's board approved the launch of the share buyback programme in January. The programme targets up to 3% of the company's equity capital, or as many as 7,308,261 shares.
Gradus' stock has gained 2.9% in value in the past 12 months, reaching a market capitalisation of 345.9 million levs, bourse data showed. The stock was trading flat at 1.42 levs as at 1659 CEST on Friday.
Earlier this week, the Sofia bourse operator announced that Gradus will be one of two stocks which will drop out of the blue-chip SOFIX index starting from Monday, following the bi-annual revision of the composition of the bourse's four main indices.
(1 euro = 1.95583 levs)