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Romania's Banca Transilvania buys back 1.4 mln own shares in Oct 7-11

Author Mario Tanev
Romania's Banca Transilvania buys back 1.4 mln own shares in Oct 7-11 Banca Transilvania

BUCHAREST (Romania), October 15 (SeeNews) - Romania's Banca Transilvania (BT) [BSE:TLV] said that it has repurchased a total of 1,398,261 own shares in the period October 7-11.

Banca Transilvania paid a total of 3.35 million lei ($776,000/705,000 euro) for the share repurchases during the review period, the lender said in a bourse filing on Monday.

Last month, Banca Transilvania said it will seek to buy back a total of 15 million of its own shares for up to 60 million lei.The bank will offer to pay a minimum price equal to the market price on the Bucharest bourse at the moment of the purchase and 4 lei at most, the bank said at the time.

The programme will run until the end of 2019.

The bank's capital is divided into 5,215,917,925 shares with a par value of 1 leu each, according bourse data.

As at 12:45 CET on Tuesday, Banca Transilvania shares traded 0.21% lower at 2.385 lei on the Bucharest Stock Exchange.

(1 euro = 4.7537 lei)

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