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Bulgaria's Sopharma sells 49,984 own shares

Jun 17, 2024, 4:34:22 PMArticle by Mihaela Miteva
share
June 17 (SeeNews) - Bulgarian pharmaceuticals maker Sopharma [BUL:SFA] said on Monday that it sold 49,984 own shares on June 13 for a total 298,002 levs ($162,818/152,365 euro).

Bulgaria's Sopharma sells 49,984 own shares
Photo: Sopharma Business Towers

The stock, sold at an average price of 5.97 levs apiece, represents 0.027% of Sopharma’s equity capital, the company said in a bourse filing.

The own shares held by Sopharma following the deal amount to 14,155,298, equal to 7.9% of the company's equity capital.

Last August, Sopharma's shareholders endorsed a proposal for a share repurchase programme, which would run for up to 18 months and target up to 3% of the company's equity capital per year.

As of 1532 CEST on Monday, shares in Sopharma traded flat at 5.96 levs on the Bulgarian Stock Exchange.

(1 euro = 1.95583 levs)

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