December 17 (SeeNews) - Romanian lender Banca Transilvania (BT) [BSE:TLV] said that it has decided to double the number of shares it intends to buy back to 30 million, and extend its share repurchase programme to January 23, 2020 from the end of 2019 currently.
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 ($0.93/0.84 euro) at most, it said in a bourse filing on Monday.
Banca Transilvania's capital is divided into 5,215,917,925 shares with a par value of 1 leu each, according bourse data.
As at 14:55 CET on Tuesday, Banca Transilvania shares traded 0.77% lower at 2.59 lei on the Bucharest Stock Exchange.
(1 euro = 4.78 lei)
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