November 1 (SeeNews) - North Macedonia-based soft drink producer Fruktal Mak [MSE:KONZ] said that it is seeking the approval of its shareholders to launch a one-year share repurchase programme targeting up to 10% of its own capital.
Shares will be repurchased in the price range 20-300 denars ($0.36-5.44 / 0.33-4.88 euro), Fruktal Mak said in a bourse filing on Thursday.
As at 9:00 CET on Friday, Fruktal Mak shares traded at 119 denars apiece on the stock exchange in Skopje.
The company's shareholders will vote on the proposal at a meeting scheduled for December 2.
(1 euro = 61.46 denars)