June 5 (SeeNews) - North Macedonia-based baked goods producer Zito Luks [MSE:ZILU] said that its shareholders have approved a share repurchase programme targeting up to 10% of the company's capital.
Zito Luks will buy back own shares at a price of up to 430 denars ($7.89/6.99 euro), but no less than 180 denars, the company said in a bourse filing.
Zito Luks shares last traded on the Macedonian Stock Exchange at a price of 245 denars.
The company's capital consists of 819,238 shares.
Zito Luks is part of international grain group Elbisco SA Greece.
The company operates a mill with 50,000 tonnes capacity and five bread production lines.
(1 euro = 61.48 denars)