January 23 (SeeNews) - Bulgarian poultry producer Gradus [BUL:GR6] said on Monday it bought back 248 of its own shares at an average price of 1.50 levs ($0.83/0.77 euro) each on January 20 as part of its ongoing share repurchase programme.
The own shares held by Gradus as of January 20 amounted to 147,121, representing 0.060% of voting rights, the company said in a stock exchange filing.
Gradus said earlier this month that its board approved the launch of the share buyback programme targeting up to 3% of the company's equity capital, or 7,308,261 of its shares.
Shares in Gradus last traded at 1.50 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)