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Bulgaria's Sirma Group Holding shareholders endorse 10 mln euro share buyback

Author Mario Tanev
Bulgaria's Sirma Group Holding shareholders endorse 10 mln euro share buyback Sirma Group Holding/All rights reserved.

SOFIA (Bulgaria), August 27 (SeeNews) - Bulgarian software group Sirma Group Holding [BUL:SKK] said on Tuesday that its shareholders have approved the launch of a 20 million levs ($11.4 million/10.2 million euro) share repurchase programme, targeting up to 32% of the company's capital.

Sirma Group Holding intends to repurchase up to 19 million own shares at a price in the 0.1-2.0 levs range by the end of 2022, the company said in a bourse filing.

The proposal was endorsed by 92.38% of Sirma Group Holding shareholders, present at the meeting on Monday.

As at 12:10 CET on Tuesday, the software group's shares traded 3.55% lower at 0.68 levs on the Bulgarian Stock Exchange. 

(1 euro = 1.95583 levs)

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