Bulgaria's Sirma Group sells 500,988 own shares

The stock, sold at an average price of 0.85 levs apiece on the unregulated over-the-counter market in Bulgaria, represents 0.84% of Sirma Group’s equity capital, the company said in a bourse filing.

Sirma is implementing a share repurchase programme which was extended last year to August 25, 2024, from December 31, 2022.

The company previously said it plans to repurchase up to 19 million own shares at a price of between 0.10 levs and 2 levs, with the repurchased stock's total price not exceeding 20 million levs.

As of 1105 CEST on Wednesday, shares in Sirma Group traded flat at 0.90 levs on the Bulgarian Stock Exchange.

(1 euro = 1.95583 levs)