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Korado Bulgaria buys back 12,000 own shares

Author Mario Tanev
Korado Bulgaria buys back 12,000 own shares Author: Korado. Licence: All Rights Reserved.

SOFIA (Bulgaria), October 11 (SeeNews) - Steel radiator manufacturer Korado Bulgaria [BUL:4KX] said that it has repurchased 12,000 own shares for an undisclosed price on Friday.

The repurchased shares represent a 0.09% stake in the company, Korado Bulgaria said in a bourse filing.

As at 11:45 CET on Friday, Korado Bulgaria shares traded at 6.40 levs ($3.61/3.27 euro), unchanged from their previous closing price on the Bulgarian Stock Exchange.

The company launched the programme on October 7 and said it will seek to buy back up to 12,000 own shares by October 17 at a price in the range 5.24-5.5675 levs.

(1 euro = 1.95583 levs)