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Korado Bulgaria shareholders approve share repurchase programme

Author Mario Tanev
Korado Bulgaria shareholders approve share repurchase programme Author: Korado. Licence: All Rights Reserved.

SOFIA (Bulgaria), September 18 (SeeNews) - Steel radiator manufacturer Korado Bulgaria [BUL:4KX] said on Wednesday that its shareholders have approved the company's plans to launch a share repurchase programme tragetting up to 12,000 own share.

Korado Bulgaria will pay between 80% and 85% of the price of its last share repurchase preceding the launch of the new programme, the company said in a bourse filing.

The share repurchase programme will run for ten days.

As at 12:45 CET on Wednesday, Korado Bulgaria shares traded 0.75% lower at 6.60 levs ($3.73/3.37 euro) on the Bulgarian Stock Exchange.

(1 euro = 1.95583 levs)

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