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Romania's Banca Transilvania buys back 3.74 mln own shares

Author Mario Tanev
Romania's Banca Transilvania buys back 3.74 mln own shares Banca Transilvania

BUCHAREST (Romania), January 20 (SeeNews) - Romania's Banca Transilvania (BT) [BSE:TLV] said on Monday that it has repurchased a total of 3.74 million own shares in the period January 13-17 at a weighted average price per share of 2.63 lei ($0.61/0.55 euro).

Banca Transilvania paid a total of 9.8 million lei for the share repurchases during the review period, the lender said in a bourse filing.

In September 2018, 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, it said at the time.

In December last year, the lender decided to double the number of shares it intends to buy back to 30 million, and to extend its share repurchase programme to January 23, 2020.

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 13:45 CET on Monday, Banca Transilvania shares traded 0.57% higher at 2.64 lei on the Bucharest Stock Exchange.

(1 euro = 4.78 lei)