Bulgaria's Sofia Commerce-Pawnbrokers buys back 60,000 shares

The company now holds 120,000 own shares, Sofia Commerce-Pawnbrokers said in a statement filed with the Sofia bourse, providing no further details.

Sofia Commerce-Pawnbrokers said last week that the buyback plan was aimed at boosting shares liquidity and giving shareholders more confidence in the company’s stock. The company intended to repurchase the shares, equivalent to a 0.03% stake in the firm, at a minimum price of 4.0 levs ($2.7/2.0 euro) and a maximum price of 8.0 levs each in line with a decision taken at a shareholders meeting on December 15, 2011.

(1 euro=1.95583 Bulgarian levs)