August 19 (SeeNews) - North Macedonia-based fuel storage and transport company Oilco KDA [MSE:OILK] said that it has repurchased 2,200 own shares for an undisclosed price.
Following the transaction, Oilco KDA holds 7,876 own shares, equal to 3.14% of its capital, the company said in a bourse filing on Friday.
Earlier this year, Oilco KDA's shareholders approved the start of a one-year share repurchase programme, targeting up to 10% of the company's capital. Oilco KDA's programme is priced in the range 3,000 - 6,000 denars ($55-110/49-98 euro).
The company's shares last traded on the stock exchange in Skopje in April, at a price of 6,000 denars.
Oilco KDA has a fuel depot in the village Miladinovci near Skopje. The company transports petrol, diesel and heavy fuel oil, as well as compressed natural gas and liquid petroleum gas.
Oilco KDA's biggest shareholder is fuel retailer Makpetrol [MSE:MPT].
(1 euro = 61.53 denars)