January 19 (SeeNews) - Bulgarian poultry producer Gradus [BUL:GR6] said on Thursday that it repurchased 107,900 own shares at an average price of 1.50 levs on January 18 as part of its ongoing share buyback programme.
The total number of own shares held by Gradus by January 18 reached 126,676, corresponding to 0.052% of voting rights, the firm said in a bourse filing.
Gradus said earlier in January that its board of directors approved the start of a share buyback programme targeting up to 3% of the company's equity capital. Under the programme, the firm aims to repurchase up to 7,308,261 own shares.
As at 1314 CET on Thursday, shares in Gradus traded flat at 1.50 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)