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Bulgaria
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Bulgaria's Web Media Group launches share repurchase programme

Mar 8, 2024, 4:27:35 PMArticle by Mihaela Miteva
share
March 8 (SeeNews) - Bulgaria's Web Media Group [BUL:WMG] said its board endorsed the launch of a share repurchase programme targeting up to 3% of its equity capital, starting March 8.

Bulgaria's Web Media Group launches share repurchase programme
atm2003/Shutterstock.com

Web Media Group plans to buy back up to 235,000 of its own voting shares at a price between 1.40 levs ($0.78/0.72 euro) and 2.10 levs each, it said in a stock exchange filing on Thursday.

The share repurchase programme will run until September 8, 2025. ABC Finance will act as investment intermediary on the deal.

Last September, the company launched a share buyback programme, which ran until the end of 2023.

Shares in Web Media Group last traded on February 29 when they closed at 1.60 levs on the Bulgarian Stock Exchange, bourse data show.

(1 euro = 1.95583 levs)

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