September 27 (SeeNews) - Bulgarian battery manufacturer Monbat [BUL:MONB] said that it repurchased 3,000 own shares at an average price of 5.34 levs ($ 2.63/2.73 euro) each on September 26, launching successfully its buyback programme.
Thus, the number of own shares held by the company totalled 3,000 representing 0.008% of voting rights, Monbat said in a stock exchange filing on Monday.
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Monbat said earlier in September that it plans to buy back up to 1.17 million of its own shares, starting September 26. The stock, which represents up to 3% of the company’s registered capital, will be acquired at a price of between 4.51 levs and 8.75 levs per share.
The share buyback programme will last 180 calendar days, with the options to be extended or terminated early.
By 0950 CEST on Tuesday, shares in Monbat traded flat at 5.35 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)