January 26 (SeeNews) - Bulgarian software developer Sirma Group Holding [BUL:SGH] said on Thursday that it repurchased nearly 1.4 million own shares for the total amount of 993,219 levs ($553,574/507,825 euro) on January 25.
The repurchase was carried out on the Bulgarian Stock Exchange at an average price of 0.71 levs per share, the company said in a bourse filing.
The acquired stock represents 2.36% of Sirma Group’s capital.
The transaction was carried out as part of a buyback programme whose period had been recently extended to August 25, 2024 from December 31, 2022.
According to an earlier statement, Sirma aims to buy back up to 19 million own shares at a price of between 0.10 levs and 2 levs. The total price of the repurchased shares should not exceed 20 million levs.
As at CET 1228 on Thursday, shares in Sirma Group traded 4.79% higher at 0.765 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)